Financial strength of RL360 reaffirmed by AKG

AKG has once again awarded RL360 and RL360 Services a B+ for financial strength, the highest financial strength rating of any international life company, following a review.

"AKG considers IFGL to be a financially strong standalone operation with very strong operational characteristics," said the report, referring to IFGL as "one of the leading players in the offshore market".

RL360 Services and RL360 retained 4 star service ratings, with the report saying that in the last year "RL360 appears to have maintained its service levels, while also working on the integration of RL360 Services".

In addition, both RL360 and RL360 Services received 4 stars for image and strategy, plus business performance. RL360 Marketing Director Simon Barwell said: "It is gratifying to see AKG acknowledging the strength and success of RL360, RL360 Services and IFGL following an extremely productive period for us. We've worked hard to grow the business and to do our best for our policyholders.

"The coming year will be a particularly busy one. Like all international life companies, we will need to be proactive in our response to changing regulations worldwide.

"These are exciting times for us, which will bring with them the kind of challenges we relish."

AKG Actuaries and Consultants Ltd specialise in the provision of ratings, information and market assistance to the financial services industry. The company's reports are designed to provide advisers the information they need to assess the relative strengths of offshore long term insurers.