Fitch Ratings has affirmed the three main operating entities of Utmost International (Utmost PanEurope dac, Utmost Limited and Utmost Worldwide Limited) at ‘A’ (Strong) Insurer Financial Strength (IFS) Ratings with Stable Outlooks.
At the same time Fitch has affirmed Utmost International Group Holdings Ltd.’s Issuer Default Rating (IDR) of ‘BBB+’ with a Stable Outlook.
The rating affirmations are based on Fitch’s current assessment of the impact of the coronavirus pandemic.
Please see the press release from Fitch here.
About Utmost International
Utmost International is an international life assurance business which serves two key markets. It provides international life assurance to affluent, high-net-worth and ultra-high-net-worth individuals through its Utmost Wealth Solutions business, and group risk and savings solutions to multi-national corporates through its Utmost Corporate Solutions business. Utmost International is responsible for over £29bn of policyholder assets for more than 130,000 customers.
Utmost International has been formed through the acquisition of insurers that were previously owned by major insurance groups. By bringing these companies together under a common strategy and rationalising to achieve significant cost synergies, Utmost International has created a financially and operationally robust insurance group that is strongly positioned to win new business.
For further information, please contact:
Anne Marie Shepherd, Head of Strategy and Corporate Affairs, Utmost Group of Companies on +44 203 861 4347 or firstname.lastname@example.org