SINGAPORE--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of Foundation Life (NZ) Limited (FLNZ) (New Zealand), formerly TOWER Life (N.Z.) Limited (TLNZ). The outlook for all ratings remains negative. TOWER Insurance Limited sold TLNZ to Foundation Life (NZ) Holdings Limited, effective 29th August 2014. The business is now operating as a stand-alone entity ultimately owned by a number of Australian- based inves