Hollard launched its operations in NZ in January 2016, through its latest partnership with the ANDO Insurance Group.
The Hollard Insurance Company Pty Ltd was registered as a company in New Zealand in December 2015 (NZ Company No. 5869665) and has since obtained its licence to carry on insurance business in New Zealand. Hollard is also a member of a Dispute Resolution Scheme in New Zealand, through the Insurance and Financial Services Ombudsman (Membership No. 2001715) – further information about the complaints process for New Zealand policy holders can be found here
With a highly experienced team, ANDO focuses on providing commercial insurance solutions and writes insurance business in NZ on behalf of Hollard including commercial property, commercial motor, construction, machinery breakdown, general, product and management liability as well as marine insurance.
Hollard has received a financial strength rating of A- (Excellent) from A.M. Best Company Inc. This provides our customers with extra comfort regarding Hollard’s ability to pay their claims.
The AM Best rating scale is:
A, A- (Excellent)
B++, B+ (Good)
C++, C+ (Marginal)
C, C- (Weak)
E (Under Regulatory Supervision)
F (In Liquidation)
The rating scale above is a summary and further information on these ratings is available at www.ambest.com
If you are insured with Hollard in NZ, an overseas policyholder preference applies. Under Australian law, if The Hollard Insurance Company Pty Ltd is wound up, its assets in Australia must be applied to its Australian liabilities before they can be applied to overseas liabilities. To this extent, New Zealand policyholders may not be able to rely on The Hollard Insurance Company Pty Ltd’s Australian assets to satisfy New Zealand liabilities
Find out more at http://hollard.com.au/insurance-partners/specialist-insurance-partners/underwriting-agencies/ando-insurance.aspx
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