SINGAPORE--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of TOWER Insurance Limited (TIL). A.M. Best also has affirmed the ICR of “bbb-” of the ultimate parent, TOWER Limited (TL). The outlook for all ratings remains negative. All companies are domiciled in New Zealand. The rating affirmations mainly reflect TIL’s favorable risk-adjusted capitalization and good operating performance. TIL is currently maintaini
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