For the fourth consecutive year, Delta Insurance New Zealand Limited and Delta Underwriting Private Limited have both been affirmed with a PA-2 (Excellent) Performance Assessment by AM Best, under the consolidated framework of their parent company, Delta International Limited. The stable outlook of this independent assessment highlights Delta’s robust underwriting capabilities, exceptional governance, and solid financial condition, alongside its talented workforce and extensive industry relationships.
Founded in New Zealand in 2014, and with offices in Australia and Singapore, the leading independent Group offers a range of specialty risk solutions to SMEs across the Asia Pacific region. Despite challenging market conditions that led to slower growth than in previous years, Delta continues to deliver sustainable underwriting results supported by a mature underwriting philosophy and a pragmatic risk selection approach. AM Best recognises Delta's superior governance and internal controls, noting the sophisticated framework in place for selecting capacity providers.
Delta's organisational talent has also been acknowledged as excellent, with a seasoned senior management team spearheading the region expansion plans and developing longstanding relationships with capacity providers.
Commenting on the result, Kent Chaplin, Group CEO at Delta International, stated, "AM Best's independent assessment embodies the gold standard that Delta relentlessly pursues, setting the benchmark for excellence in our industry.” Specifically commenting about AM Best’s acknowledgement of Delta’s talent, Chaplin says, “I’m proud that all our employees have a share in the performance of Delta via our Accelerate Program, a testament to our staunch commitment to supporting our teams.”
He added, "As we move forward, we remain firmly dedicated to nurturing our partnerships and elevating our product offerings. We will continue to deliver long-standing solutions, agile service and superior value to capacity partners, brokers and policyholders.”
With a stable outlook and a foundation built on strong strategic pillars, Delta Insurance is poised for continued success and expansion in the global insurance market.
For the latest Performance Assessment, access www.ambest.com.