Leading provider of insurance and savings solutions
Leading provider of insurance-based wealth solutions
Closed UK life and pensions business
30 November 2021
Utmost Group is pleased to announce that Fitch Ratings has rated Quilter International Isle of Man Limited and Quilter International Ireland dac at Insurer Financial Strength (IFS) ratings of ‘A’ (Strong) with Stable Outlooks.
The rating action follows the announcement that Utmost Group (IFS of main operating entities: A/Stable) completed the acquisition of Quilter International business from Quilter plc The ratings reflect Fitch’s view that the Quilter International entities are “Core” to Utmost Group.
Please read Fitch’s full press release here.
Anne Marie Shepherd, Head of Strategy and Corporate Affairs
Tel: +44 (0)203 861 4347 / Email: annemarie.shepherd@utmostgroup.co.uk
Utmost Group plc is a leading provider of insurance and savings solutions. Its principal businesses are Utmost International and Utmost Life and Pensions, which together are responsible for approx. £62bn of primarily unit-linked policyholder assets for around 570,000 customers. Utmost Group plc is subject to Group Supervision by the PRA.
Utmost International is a leading provider of insurance based wealth solutions. Utmost International operates across the UK, Europe, Latin America, Asia and the Middle East. Its solutions are based on unit-linked insurance policies. Utmost International manages £55bn assets under administration on behalf of 210,000 policyholders and wrote £3.7bn new business in the nine months to 30 September 2021.
Utmost Life and Pensions is a closed UK life and pensions business focused on the acquisition of life and pension businesses in the UK. Utmost Life and Pensions manages £7bn assets under administration on behalf of 360,000 policyholders. Utmost Life and Pensions is authorised by the PRA and regulated by the FCA and the PRA.
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