Change of Rating
In accordance with the Insurance Companies (Ratings and Inspections) Act 1994, please be advised that Standard
& Poor’s (Australia) Pty Ltd has given PIONEER INSURANCE COMPANY LIMITED (New Zealand) a financial strength rating of "BB- (Marginal)" on Friday,
27 November 2009.
Previously PIONEER INSURANCE COMPANY LIMITED’s financial strength rating by A.M. Best Co. (Oldwick, New Jersey, United States of America) was
"B (Fair)".
The rating schedule is available for inspection at PIONEER INSURANCE COMPANY LIMITED, 42 Tennyson Street, Napier, or the website
www.pioneerinsurance.co.nz