12 July 2018

Rothesay Life has been assigned strong investment grade credit ratings from two leading agencies

Fitch rates Rothesay Life ‘A+’ and Moody’s rates Rothesay Life ‘A3’

Rothesay Life, a leading life insurer specialising in providing de-risking solutions to UK defined benefit pension schemes and insurance companies, is pleased to announce its inaugural credit ratings assigned by Fitch Ratings Ltd and Moody’s Investors Services.

Rothesay’s main operating company, Rothesay Life Plc, has received an Insurer Financial Strength rating of A+ from Fitch and an Insurer Financial Strength rating of A3 from Moody’s. All ratings have a stable outlook.

Both agencies cited Rothesay’s growth prospects, capital strength, asset-liability management, conservative investments and its market and financial position, as contributing factors toward today’s ratings.

Agency Entity Rating Rating type Outlook
Fitch Rothesay Life Plc A+ Insurer Financial Strength Stable
Fitch Rothesay Life Plc A Long-Term Issuer Default Stable
Fitch Rothesay Holdco UK Limited A Long-Term Issuer Default Stable
Moody’s Rothesay Life Plc A3 Insurance Financial Strength Stable
Moody’s Rothesay Life Plc Baa1 Issuer Stable
Moody’s Rothesay Holdco UK Limited Baa2 Issuer Stable

See the press release from Fitch here.

See the press release from  Moody's here.

For further information, please contact:

Temple Bar Advisory                                               020 7002 1080

Alex Child-Villiers or William Barker                        07795 425580 / 07827 960151

About Rothesay Life

Rothesay Life was established in 2007 and has become one of the leading providers of regulated insurance solutions in the U.K. market for pensions de-risking, with c. £37bn assets under management and over 750,000 end customers. This strong growth has been achieved through the steady accumulation of pension scheme clients, significant strategic acquisitions and the reinsurance of annuity portfolios.

Existing Rothesay Life clients include the pension schemes, members and/or policyholders associated with such names as Prudential, Aegon, Zurich, RSA, British Airways, Rank, Uniq, General Motors, the MNOPF (Merchant Navy Officers Pension Fund), InterContinental Hotels, Philips, GKN, the Post Office, Lehman Brothers and the Civil Aviation Authority.

Rothesay Life was founded on several core pillars:

  • Clear and disciplined business strategy;
  • Prudent underwriting;
  • Meticulous management of risk and cautious investment strategy offering absolute customer security;
  • Excellence in execution; and
  • Robust operational processes underpinning excellent customer service

Rothesay Life has three substantial institutional shareholders, Blackstone, GIC and Massachusetts Mutual Life Insurance Company (MassMutual), which provide the company with long term support for its growth and development.

Rothesay Life is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Further information is available at www.rothesaylife.com

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