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HomeMedia CentreUncategorizedFitch rates Quilter International Isle of Man and Quilter International Ireland at IFS ‘A’
Fitch rates Quilter International Isle of Man and Quilter International Ireland at IFS ‘A’
30 November 2021
Utmost Group is pleased to announce that Fitch Ratings has rated Quilter International Isle of Man Limited and Quilter International Ireland dac at Insurer Financial Strength (IFS) ratings of ‘A’ (Strong) with Stable Outlooks.
The rating action follows the announcement that Utmost Group (IFS of main operating entities: A/Stable) completed the acquisition of Quilter International business from Quilter plc The ratings reflect Fitch’s view that the Quilter International entities are “Core” to Utmost Group.
Please read Fitch’s full press release here.
For further information, please contact:
Utmost Group plc
Anne Marie Shepherd, Head of Strategy and Corporate Affairs
Temple Bar Advisory
Alex Child-Villiers / William Barker
Tel: +44 (0)20 7183 1190 / Email: [email protected]
About Utmost Group plc
Utmost Group plc is a leading provider of insurance and savings solutions. Its principal businesses are Utmost International and Utmost Life and Pensions, which together are responsible for £64.7bn of primarily unit-linked policyholder assets for over 475,000 policyholders. Utmost Group plc is subject to group supervision by the PRA.
On 11 December 2024, Utmost Group announced it had received all necessary regulatory approvals to complete the acquisition of Lombard International Assurance Holdings Sarl. The acquisition is expected to complete on 30 December 2024. On a proforma basis at HY 2024, Utmost Group would have had over £100bn of assets under administration for over 500,000 policyholders.
About Utmost International
Utmost International is a leading provider of insurance-based wealth solutions. Utmost International operates across the UK, Europe, Latin America, Asia and the Middle East. Its solutions are largely based on unit-linked insurance policies. Utmost International manages £59.1bn of assets, of which £57bn are held on behalf of unit-linked policyholders at HY 2024.
About Utmost Life and Pensions
Utmost Life and Pensions operates both a closed UK life and pensions business and a nascent BPA business. Utmost Life and Pensions manages £5.6bn of primarily policyholder assets on behalf of over 290,000 policyholders. Utmost Life and Pensions is authorised by the PRA and regulated by the FCA and the PRA.
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