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Top Ratings Reveal Strength of New Ansvar
April 22nd, 2013
MEDIA RELEASE

A.M Best Asia-Pacific Limited this month awarded Ansvar Insurance, Australia’s leading insurance provider for the Community, Care, Education, Faith and Heritage segments, with a financial strength rating of A- (Excellent) and issuer credit rating of a-.  The insurance rating agency recognises the outlook for both ratings is stable.

“We have been faced with a number of challenges over the past few years and the ratings reflect the measures we have taken to de-risk our balance sheets, reduce the costs of our reinsurance programs and support our risk-adjusted capitalisation,” said Andrew Moon, CEO, Ansvar.

Ansvar Australia has recently overhauled the business, moving towards a broker-only model, and this process of being a wholly intermediated insurer is almost complete.

“Given the redirection of Ansvar, the ratings come as timely confirmation that we are on the right track in terms of continually improving our services. It also shows the refinement of our portfolio which has taken place over the past 12 – 18 months has been a success,” said Andrew.

“Brokers have been very supportive of the direction we’re headed in.  As a smaller insurer, we are able to be agile and provide exemplary service in a way that larger competitors cannot easily replicate,” said Andrew.

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Ansvar Insurance

2 weeks 1 day ago

We had such a great day at last weeks 'Reach Beyond Golf Day' that raises funds for a medical clinic in Bangladesh for the Rohingya refugees. Thank you to all the organisers for putting on such a great day and also for the passionate presentation to explain the amazing work that's been done with the funds raised. Pictured is our team Matt Abslom, Matthew J Fyfe, Jim Petdro and Richard Coloretti #golf #funding

Ansvar Insurance

1 month 2 weeks ago

We had to share these wonderful words from the Lighthouse Foundation's Michelle Michie, Philanthropy Manager. The Lighthouse Foundation were one of our 2016/ 2017 Community Education Program Grant Recipients.....

“We are immensely grateful for this support which has been crucial in life changing work which has helped so many young homeless girls get off to a healthy start with their newborns. I wish you could experience what I do, when I see these girls graduate to independent living with a strong attachment to their child. Without this help, so many of them would not have been able to manage, and would have given up their baby into the state care system.

Thank you for the partnership, and the tangible feeling that the Ansvar team truly cared about homeless children and young people, and that you had their back.”
Pictured (L to R) is Ansvar's CEO Warren Hutcheon, Lighthouse Foundation Founder Susan Barton, Lighthouse Foundation Philanthropy Manager Michelle Michie and Ansvar's COO Phil Gare.

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