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AA Insurance reassures customers of financial strength

07 Apr 2011

Download the full media release here.

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

  • If AA Insurance already insures a home and the customer sells it, the company will usually offer the new owner insurance for the property – even if it’s damaged – as long as a claim has been lodged and normal terms are met.

Key contacts

Melodie Vickars

Position: Marketing and Communications Manager, AA Insurance

DDI: (09) 966 8549

Mobile: 021 477 578

Email: communications|at|aainsurance|dot|co.nz

Amelia Macandrew

Position: Corporate Affairs Manager, AA Insurance

DDI: (09) 966 8445

Mobile: 021 452 777

Email: communications|at|aainsurance|dot|co.nz

Gavin Ogden

Position: Botica Butler Raudon Public Relations

DDI: (09) 303 3862

Mobile: 021 403 503

Email: gavino|at|botica|dot|co.nz