The insurer
This insurance is issued by Cove Limited in accordance with the authorisation granted to it by the underwriter, Aioi Nissay Dowa Insurance Company Limited.
Financial rating
Aioi Nissay Dowa Insurance Company Limited has a Financial Strength Rating of A+ (Stable) given by A. M. Best Company and A+ (Stable) given by Standard & Poors.
The Financial Strength Rating is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations.
| A.M. Best’s Financial Strength Rating Scale: | ||
| A+ | Superior | |
| A | Excellent | |
| B+ | Good | |
| B | Fair | |
| C+ | Marginal | |
| C | Weak | |
| D | Poor | |
| Standard & Poors Financial Strength Rating Scale: | |
| AAA | Extremely Strong |
| AA | Very Strong |
| A | Strong |
| BBB | Good |
| BB | Marginal |
| B | Weak |
| CCC | Very Weak |
| CC | Extremely Weak |
| R | Under Regulatory Supervision |
The rating scales may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major categories.
For further details and a full explanation of these ratings please use the following links: www.ambest.com/ratings/guide.pdf or www.spratings.com/en_US/understanding-ratings
Solvency
See Aioi Nissay Dowa Insurance Company Limited’s Financial Strength Rating.