AM Best affirms excellent performance of Delta Insurance in New Zealand and Singapore

AM Best has affirmed the Performance Assessment of PA-2 (Excellent) for Delta Insurance New Zealand Limited and Delta Underwriting Private Limited, indicating a stable outlook. This assessment highlights Delta's robust underwriting capabilities, strong governance, and excellent financial condition. Founded in 2014, Delta operates in New Zealand, Australia, and Singapore, consistently achieving profitable underwriting results across various liability lines and property coverage in New Zealand. Delta's in-house underwriting and claims management staff enhance its capabilities, supported by a well-developed technology base that streamlines insurance services. The company has established a sophisticated framework for selecting capacity providers, which improves the quality of products and coverage offered to policyholders. Internal and external audits, along with quality reviews, further bolster Delta's operational integrity. The senior management team at Delta possesses extensive experience in the insurance sector and the regions where the company operates. AM Best anticipates ongoing development in the quality and quantity of Delta's workforce as the organization expands. The strong depth and breadth of relationships that Delta maintains are seen as a significant asset, with potential for further advancement in long-term relationship retention. This assessment reflects Delta's strategic importance in the Asia Pacific region, where it provides access to various businesses. The positive evaluation by AM Best underscores Delta's commitment to excellence and positions it favorably for future growth in the competitive insurance market.