A.M. Best Places Credit Ratings of Quest Insurance Group Limited Under Review With Positive Implications Following Updated Best’s Credit Rating Methodology Release

SINGAPORE--(BUSINESS WIRE)-- A.M. Best has placed under review with positive implications the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” of Quest Insurance Group Limited (New Zealand).

The company is being placed under review following the release of the updated Best’s Credit Rating Methodology (BCRM). The BCRM is a reorganization of the global credit rating methodology for (re)insurance companies. A.M. Best will continue to assess the effect that the updates to the BCRM have on the current ratings of the company, and will complete any corresponding rating updates in the near term.

Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.

This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.

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A.M. Best

Moungmo Lee, +65 6589 8412

Managing Director, Analytics

moungmo.lee@ambest.com

or

Stefan Holzberger, +1 908 439 2200, ext. 5380

Chief Rating Officer

stefan.holzberger@ambest.com

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Christopher Sharkey, +1 908 439 2200, ext. 5159

Manager, Public Relations

christopher.sharkey@ambest.com

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Jim Peavy, +1 908 439 2200, ext. 5644

Director, Public Relations

james.peavy@ambest.com

Source: A.M. Best