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Agusto & Co. assigns an “A+” rating to FBN Insurance Limited

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.

This Rating Release is transmitted to you for the sole purpose of dissemination through your newspaper / magazine / agency. The rating release may be used by you in full or in part without changing the meaning or context thereof but with due credit to Agusto & Co.