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Avant Insurance Ltd. Nov 11
Standard & Poors, Nov 2011
Abstract
Strong competitive position, with high member renewal rates Very strong capital position Conservative reinsurance program Higher exposure to equity investments than peers Concentration risk as effectively a monoline insurer The ratings on Avant Insurance Ltd. (AIL; A/Stable) reflect the insurer's very strong competitive position, robust capitalization levels, and conservative reinsurance. These strengths are offset by concentration risk as a monoline insurer, and higher equity investment exposure compared with peers. AIL's creditworthiness is enhanced by the company's superior competitive position relative to local peers. The company is by far the largest provider (53% by premium), which introduces a degree of economy-of-scale benefits. The company is also the most geographically diversified medical indemnity insurer in Australia. AIL has shown strong growth in...
Companies mentioned in this report are: Avant Insurance Ltd.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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