Chubb SA rating maintained

Chubb Insurance South Africa’s (Chubb SA) national scale financial strength rating has been kept at AA(ZA), with a stable outlook by GCR Ratings.

The affirmation of the South Africa-based financial services company’s rating reflects its strong financial profile, which is expected to be sustained despite a level of downside risk associated with the poor economic climate.

GCR has kept the outlook at stable on expectations that Chubb SA’s cross cycle earnings will remain sound – and the business profile will remain stable.

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