CANADA Life International Limited (CLI) has maintained its overall five-star financial strength rating from actuarially based consultancy AKG for the ninth straight year.
AKG confirmed CLI’s status as a key player in the offshore investment market by making it the only offshore provider to have maintained an overall 5-star Annual Review rating for the ninth consecutive year.
CLI is understood to hold the highest AKG rating given to an offshore life company, including high ratings for its service, its image and strategy and its annual performance.
CLI Institutional Limited (CLII) was also assessed by AKG and maintained its 5-star financial strength rating. CLII’s target market is ultra high net worth investors looking to invest £1 million plus.
Sean Christian, managing director said: ‘AKG assess every major household name insurer that operates offshore and so we’re delighted to be awarded 5-star ratings for both of our offshore companies again this year.
‘2011 was an outstanding year and we had a number of success stories including record sales of £1.2bn.’