Ando is an underwriting and claims agent of Hollard
The Hollard Insurance Company Pty Ltd (Hollard) and its related entities are part of the privately owned Hollard international group of companies, operating in Australia and New Zealand. Ando has an underwriting agency agreement in place with Hollard which delegates authority to Ando to issue and administer insurance policies and manage underwriting and claims on Hollard’s behalf.
Hollard has been operating in Australia and New Zealand since 1999 and is the fifth largest general insurer in Australia.
Hollard works in proud partnership with a range of leading Australian direct insurance brands, agencies and broker businesses to deliver insurance solutions to bring to market a variety of insurance products that serve a wide range of customer needs.
Hollard is licensed by the Reserve Bank of New Zealand (RBNZ). It is also authorised by the Australian Prudential Regulation Authority (APRA) and holds an Australian Financial Services Licence issued by the Australian Securities and Investment Commission.
Visit www.hollard.com.au for more information.
The Financial Strength Rating of our partner Hollard
Ando writes business on behalf of The Hollard Insurance Company Pty Ltd.
The Hollard Insurance Company Pty Ltd has a financial strength rating of A (Strong) issued by Standard and Poor’s.
- The rating scale is:
- AAA Extremely Strong
- AA Very Strong
- A Strong
- BBB Good
- BB Marginal
- B Weak
- CCC Very Weak
- CC Extremely Weak
- C Selective Default
- D Default
Further information on these ratings is available at www.standardandpoors.com
An overseas policyholder preference applies. Under Australian Law, if The Hollard Insurance Company Pty Ltd is wound up, its assets in Australia must be applied to its Australian liabilities before they can be applied to overseas liabilities. To this extent, New Zealand policyholders may not be able to rely on The Hollard Insurance Company Pty Ltd's Australian assets to satisfy New Zealand liabilities.
Solvency Margin
As at 31 December 2023, Hollard’s solvency as filed with the Australian Prudential Regulation Authority is as follows:
| December 2023 | $m, AUD |
|---|---|
| Actual solvency capital | 551 |
| Minimum solvency capital | 315 |
| Solvency margin | 236 |
| Solvency ratio | 1.75 |
Fair Insurance Code
The Hollard Insurance Company Pty Ltd is a member of the Insurance Council of New Zealand and its New Zealand partners adhere to the Fair Insurance Code, which provides you with assurance that they have high standards of service to their customers.You can access a copy of the code here.
