RATING RELEASE
Agusto & Co. assigns an “A+” rating to FBN Insurance Limited
The rating expires on 30 June 2019.
The rating assigned to FBN Insurance Limited (‘FBN Insurance’ or ‘FBNIL’ or ‘the Insurer’) reflects its strong capitalisation, good profitability, moderate exposure to underwriting risk, good cash flow and liquidity as well as an experienced management team. The rating also takes into cognisance support from both shareholders; FBN Holdings Plc and Sanlam Emerging Markets (Pty) Limited.
