Press Release: Pinnacle Life : A.M. Best Affirms Ratings of Pinnacle Life Limited

SINGAPORE--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating of B (Fair) and the issuer credit rating of "bb+" of Pinnacle Life Limited (Pinnacle Life) (New Zealand). The outlook for each rating remains stable. The rating affirmations reflect Pinnacle Life's low product risk profile, direct distribution capabilities and a lapse ratio consistently below the market average. Pinnacle Life mainly underwrites simple life insurance in the term life market segment in New Zealand, r