AA Insurance reassures customers of financial strength

PRLog (Press Release) - Apr. 11, 2011 - 7 April 2011 – AA Insurance moved swiftly to reassure customers, markets and the community of its financial capacity to meet all claims resulting from the Canterbury earthquake.

AA Insurance has no association or connection whatsoever with AMI Insurance.

“AA Insurance has the financial strength to take care of our customers’ claims,” says Chris Curtin, Chief Executive, AA Insurance.  “The company has good, conservative reinsurance in place and a strong financial strength rating.”

AA Insurance is a joint venture between New Zealand Automobile Association and Australia’s Suncorp-Metway Limited, Australasia’s largest general insurance group and the fifth largest bank. Suncorp-Metway’s majority shareholding means AA Insurance has access to its parent’s deep resources, including significant reinsurance. AA Insurance received an A+ (Strong) Insurer Financial Strength Rating from Standard and Poor’s (Australia) Pty Ltd on 7 January 2011.

“I want to be very clear, market speculation about AMI’s position has no impact on AA Insurance’s operations or ability to pay claims,” says Chris.  “Our message to our customers is this: We remain open for business as usual.”

AA Insurance is offering insurance policies to new customers across New Zealand, subject to some restrictions in Canterbury.

As well as dealing with customers’ earthquake claims, AA Insurance is offering the following insurance cover in Canterbury:

   * Vehicle insurance
   * House and contents insurance in certain circumstances – contact AA Insurance to discuss your needs.

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AA Insurance is committed to supporting our customers in any way we can during this difficult time. AA Insurance specialises in car insurance (http://aainsurance.co.nz/car-insurance/index.html). We understand what motorists need and we provide the cover and benefits that will get you back on the road as soon as possible. Insure both your home and contents (http://aainsurance.co.nz/contents-insurance/index.html) with us and get a discount.