11 August 2026
Fitch Ratings has placed Asteron Life on Rating Watch Positive, following announcement of the proposed transfer of Resolution Life Australasia's New Zealand branch business to Asteron Life.
The Rating Watch Positive reflects Fitch's view that the branch transfer, once complete, would strengthen Asteron's standalone credit quality and support a one-notch upgrade of its Insurer Financial Strength Rating to 'AA-'.
The proposed transfer involves moving Resolution Life’s New Zealand policies to Asteron Life, simplifying the structure of Acenda Group's New Zealand operations as it takes steps to create a single life entity, Acenda Life New Zealand in 2027. The transfer is subject to regulatory approvals.
Read the full announcement on the Fitch website here.