|NATIONAL SCALE RATINGS HISTORY|
|Initial rating (Sep/2008)||Initial rating (Sep/2008)|
|Claims paying ability: A(MW);||Claims paying ability: B+|
|Outlook: Stable||Outlook: Stable|
|Last rating (June/2012)||Last rating (July/2012)|
|Claims paying ability: A-(MW)||Claims paying ability: B|
|Outlook: Negative||Outlook: Stable|
|+27 11 784 1771|
|Sector Head: Insurance|
|+27 11 784 1771|
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