Royal London 360° has retained its B+ AKG rating.
Produced by AKG Actuaries and Consultants Ltd the ratings highlight both the financial and relative strength of a long-term insurer and are used to assist advisers and analysts.
They measure factors including service ability, assets, liabilities, new business data, market share and product range.
Royal London 360° scored four out of a possible five stars for its Unit Linked financial strength, and in the ‘Support Ratings’ category for its ‘Image and Strategy’ and ‘Annual Review’.
The company claims that no other offshore life company has a rating higher than B+.
The report concludes that “overall, the Royal London 360° operation appears well positioned in terms of its own capital position and strategic direction and ... with requisite commitment and visibility. It is operating profitably, it is well capitalised and now firmly established as Royal London’s sole offshore life company.”
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