Southsure Assurance was established in 1987 as a specialist Life Insurance Company offering its products solely to Southland Building Society (SBS) members.
Southsure has for some time offered a range of consumer credit insurance directly to the public, as well as through various financial intermediaries and through retailers in conjunction with hire purchase and deferred payment finance contracts.
Today Southsure specialises in everything Insurance from Travel to Life from Contents to Mortgage Protection.
Southsure Assurance is a majority owned subsidiary of the SBS. SBS was established in 1869 and today has over $2 billion of funds under management. It has a proud tradition of helping New Zealanders reach their financial goals.
Insurer Financial Strength Rating
Southsure Assurance Limited has been assigned an Insurer Financial Strength rating of BBB (Good) Stable outlook by Fitch Ratings as at 27th November 2009.
The following rating scale applies:
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SECURE RANGE
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AAA
Exceptionally Strong
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AA
Very Strong
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A
Strong
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BBB
Good
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VULNERABLE RANGE
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BB
Moderately Weak
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B
Weak
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CCC
Very Weak
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CC
Extremely Weak
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C
Distressed
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"+" or "-" may be appended to a rating to indicate the relative position of a credit within the rating category.
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