Elite Insurance gets first rating
Company assigned BBB- status from Fitch.
Elite Insurance has received an insurer financial strength rating of BBB- by Fitch.
According to the previously unrated provider, the key drivers behind the rating decision were adequate capitalisation, strong underwriting performance and a conservative investment strategy.
The decision to seek a rating came after 10 years of operating in the insurance market without one.
Strength
Jason Smart, CEO at Elite Insurance commented: "Despite the negative press often targeted at unrated insurers, as a
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