Financial strength information 

Insurer rating  

First American Title Insurance Company of Australia Pty Limited has an A (Excellent) financial strength rating provided by A.M. Best Company.

A.M. Best's Insurers Financial Strength Rating Scale descriptors are:

Secure

Vulnerable

A++, A+   (Superior)

B, B-   (Fair)

A, A- (Excellent)

C++, C+   (Marginal)

B++, B+ (Good)

C, C-   (Weak)

 

D (Poor)

 

E (Under Regulatory   Supervision)

 

F (In Liquidation)

 

S (Suspended)

 

 

 

 

 

 

 

 

 

F

New Zealand

First Title is a licensed general insurer in New Zealand under the auspices of the Reserve Bank of New Zealand. Please note for New Zealand claims an overseas policyholder preference applies. Under Australian law, in the event of First American Title Insurance Company of Australia Pty Limited being, wound up, its Australian assets must be applied to its Australian liabilities before New Zealand liabilities. Therefore New Zealand claimants would be required to wait until all Australian claims against First American Title Insurance Company of Australia Pty Limited had been settled.

Solvency disclosure

First American Title Insurance Company of Australia Pty Ltd’s solvency margin is as follows:

Actual solvency capital - $14,876,000
Minimum solvency capital - $5,000,000
Solvency margin - $9,876,000 or  2.98 times
Solvency ratio - 298%

As at 30 September 2017

Rating Information can be viewed at www.ambest.com.