Asteron, as part of the Suncorp Group, is pleased to share that S&P (Standard & Poor’s), one of the largest credits rating agencies has upgraded our Financial Strength rating from A+ to AA-, with a stable outlook. Find out more about the rating here
Why has the rating been upgraded?
- Underwriting performance has remained not only strong but stable and resilient.
- S&P believes that the Suncorp Group has withstood impacts such as COVID-19 and natural hazard volatility better than peers.
- Benchmarked against international peers who are AA-rated, the Suncorp Group has been found to be in line in terms of performance.
What does this mean for you? We’re mindful that you may have indicated Asteron Life’s FSR rating on some of your marketing collateral and online platforms which will need to be updated with the upgraded rating. We have a number of suggestions as follows:
- For website updates, it may be easier to add a link to our FSR website page. In this way, you don’t have to make amends if there are any further upgrades.
- For printed marketing collateral, change this out at your next print cycle and for digital assets, make a note to change the FSR rating in a timely manner.