Financial Strength Rating and Solvency

AM Best Company Inc Financial Strength Rating : A (Excellent), Outlook Stable

The AM Best Inc Financial Strength Rating Scale

A++, A+ A, A- B++, B+ B, B- C++, C+ C, C- D E F S
Superior Excellent Good Fair Marginal Weak Poor Regulatory Supervision In Liquidation Suspended


AM Best Rating Disclosure

A Best’s Financial Strength Rating opinion addresses the relative ability of an insurer to meet its ongoing insurance obligations. The ratings are not assigned to specific insurance policies or contracts and do not address any other risk, including but not limited to, an insurer’s claims-payment policies or procedures; the ability of the insurer to dispute or deny claims payment on grounds of misrepresentation or fraud; or any specific liability contractually borne by the policy or contract holder. A Best’s Financial Strength Rating is not a recommendation to purchase, hold or terminate any insurance policy, contract or any other financial obligation issued by an insurer, nor does it address the sustainability of any particular policy or contract for a specific purpose or purchaser. In arriving at a rating decision, AM Best relies on third-party audited financial data and/or other information provided to it. Whilst this information is believed to be reliable, AM Best does not independently verify the accuracy or reliability of the information.


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Information about our solvency

Atradius Crédito y Caución S.A de Seguros y Reaseguros is exempted from complying with Section 59 for Non-Life Business Solvency Standard 2014, dated 17 December 2014.  Instead of meeting the New Zealand Solvency Standards, Atradius needs to meet the Spanish Regulatory Solvency Capital Requirement.  The minimum Solvency Capital Requirement under Spanish law is outlined below. At reporting date (30 June 2021) the numbers are as follows (amounts in NZD * 1,000).

  30 June 2021 31 December 2020
Actual solvency Capital 2,481,712 2,157,907
Minimum Solvency Capital    316,601    261,807
Solvency Margin 2,165,111 1,896,100
Solvency Ratio                                                                                                                          784%          824%

The December 2020 numbers have not been recalculated at the 30 June 2021 exchange rate.


The statements made herein are provided solely for general informational purposes and should not be relied upon for any purpose. Please refer to the actual policy or the relevant product or services agreement for the governing terms. Nothing herein should be construed to create any right, obligation, advice or responsibility on the part of Atradius, including any obligation to conduct due diligence of buyers or on your behalf. If Atradius does conduct due diligence on any buyer it is for its own underwriting purposes and not for the benefit of the insured or any other person. Additionally, in no event shall Atradius and its related, affiliated and subsidiary companies be liable for any direct, indirect, special, incidental, or consequential damages arising out of the use of the statements made information herein.