Saturday, November 18, 2017

AM Best affirms ratings of two Macau insurers

Macau Insurance (MIC) and Macau Life Insurance (MLIC) received ratings affirmation from AM Best.

AM Best affirmed the financial strength issuer credit ratings of A- for MIC and MLIC, both domiciled in Macau.

MIC received the ratings for its sound risk-adjusted capitalisation on a consolidated basis.

MIC also maintains sound liquidity and has prudent investment strategy, the release said.

MLIC’s ratings, meanwhile, reflect its adequate risk-adjusted capitalisation, sound liquidity of its investment portfolio and the stable income from its pension fund business.

The report said the overall liquidity of MLIC’s investment portfolio is high.

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