20 July 2020
Utmost International, whose principal business lines are Utmost Wealth Solutions and Utmost Corporate Solutions, is pleased to announce that today Fitch Ratings (‘Fitch’) has affirmed its credit ratings.
Fitch has affirmed Utmost International’s three main operating entities, Utmost PanEurope dac, Utmost Limited and Utmost Worldwide Limited, with Insurer Financial Strength (IFS) Ratings of ‘A’ (Strong) with Stable Outlooks. At the same time, Fitch has affirmed Utmost International Group Holdings Ltd an Issuer Default Rating (IDR) of ‘BBB+’ with a Stable Outlook.
Fitch’s assessment of Utmost International reflects the group’s strong capitalisation and leverage, strong business profile and good financial performance. Fitch noted Utmost International’s leading business franchise in the international life and savings market, focused on servicing high net-worth individuals and multi-national corporates.
Please see the press release from Fitch here
About Utmost International
Utmost International is an international life assurance business which serves two key markets. It provides international life assurance to affluent, high-net-worth and ultra-high-net-worth individuals through its Utmost Wealth Solutions business, and group risk and savings solutions to multi-national corporates through its Utmost Corporate Solutions business.
Utmost International has been formed through the acquisition of insurers that were previously owned by major insurance groups. By bringing these companies together under a common strategy and rationalising to achieve significant cost synergies, Utmost International has created a financially and operationally robust insurance group that is strongly positioned to win new business.
For further information, please contact:
Anne Marie Shepherd, Head of Strategy and Corporate Affairs, Utmost Group Limited on +44 203 861 4347 or firstname.lastname@example.org