Company: AM Best Page 1 / 10
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- April 24 2025
Shinkong gets rating upgrade on record results, underwriting gains: AM Best
Rating agency upgrades Taiwanese non-life insurer’s rating to a+ (excellent), while reviseing the outlook to stable.
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- April 15 2025
US tariffs could manifest in reduced demand for insurance globally: AM Best
Lines that are likely to be impacted include trade credit, political risk, marine, energy, motor and property insurance as well as surety, D&O and workers’ compensation.
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- April 7 2025
Japanese insurers set for excess capital boost to lift overseas expansion: AM Best
Business improvement orders from Japan’s Financial Services Agency expected to accelerate sale of their strategic equity holdings, according to the global rating agency.
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- March 25 2025
Chinese insurers could benefit from DeepSeek, albeit with risks: AM Best
Several smaller insurers might be able to bring down their operating costs due to DeepSeek’s lower cost and operational features.
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- March 3 2025
Portfolio rejig improving underwriting margins for India’s second-largest non-life general insurer: AM Best
Global ratings agency confirms financial strength rating of B++ (Good) and a long-term issuer credit rating of bbb+ (Good) for ICICI Lombard General Insurance Company.
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- March 3 2025
Thailand’s non-life 2023 underwriting profit at US$380m after US$1.5bn loss in 2022: AM Best
Rebound attributed to a rise in premium income and a decline in claims incurred, the rating agency said in its country report.
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- February 20 2025
Underwriting performance of P&I clubs likely to fall in FY25: AM Best
P&I clubs are likely to seek further price improvements in the February 2025 renewal, making it the sixth consecutive year of general increases.
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- January 23 2025
Malaysian Re in good stead ahead after business revamp: AM Best
Global rating agency affirms A- (excellent) insurer rating with a stable outlook, driven by a very strong balance sheet, adequate operating performance and a neutral business profile.
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- January 17 2025
Vietnam’s PTI to benefit from remedial measures, portfolio revamp: AM Best
The rating agency has affirmed rating of B++ (good) and upgraded the carrier´s outlook from negative to stable reflecting its strong balance sheet.
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- January 17 2025
India’s non-life segment set for robust growth: AM Best
Despite underwriting losses, the industry posted double-digit premium growth in FY2024, the global rating agency says.
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- January 13 2025
Malaysia’s Etiqa to maintain strong performance through disciplined underwriting, pricing: AM Best
Rating agency affirms financial strength of 'a-' (excellent) and long-term issuer credit rating of 'a-' (excellent) for Malaysian carrier Etiqa General Insurance, with a stable outlook.
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- January 7 2025
China’s big 3 motor insurers poised for further growth as NEVs pick up pace: AM Best
People’s Insurance Company of China (PICC), China Pacific Property Insurance and Ping An Insurance command over 70% of the motor premium share in China.
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- December 18 2024
Economy recovery, rate hikes and regulatory reforms to benefit Malaysian insurers: AM Best
The global rating agency has maintained a stable outlook on the country's non-life insurance segment.
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- December 13 2024
Korean Re reducing overseas property cat exposure: AM Best
The Korean reinsurer's long-term issuer credit rating has been upgraded to a+ (Excellent) while its financial strength rating of A (Excellent) has been affirmed, the rating agency said.
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- December 13 2024
Tune Protect Re to post moderate underwriting growth going forward: AM Best
The rating agency upgrades TPR’s rating to “bbb+” (good) from “bbb” (good), revises long-term outlook to stable from positive.
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- December 13 2024
Vietnam’s Bao Minh Insurance expected to maintain the strongest level of risk-adjusted capitalisation: AM Best
AM Best affirms financial strength rating of ‘B++’ (good), long-term issuer credit rating of ‘bbb’ (good) and the Vietnam national scale rating of ‘aaa.VN’ (exceptional) to BMI.
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- December 12 2024
Provident Insurance’s FY 2024 COR at 96.9%, operating performance supported by positive underwriting: AM Best
AM Best has upgraded the Kiwi niche mechanical breakdown and private motor vehicle carrier's financial strength rating to “B+” (good) and long-term issuer credit rating (LT ICR) to “bbb-” (good) with a stable outlook.
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- December 12 2024
Public Bank’s takeover of Lonpac parent will have neutral impact: AM Best
The bank completed the acquisition of a 44.15% stake in the Malaysian insurer’s owner LPI Capital on December 5, becoming its largest shareholder.
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- December 6 2024
Vietnam’s Petrolimex Insurance could see volatility ahead over Yagi losses: AM Best
AM Best has affirmed an insurer rating of B++ (good) with a stable outlook to PJICO.
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- November 28 2024
Taiwan’s CTBC Insurance to improve financials driven by personal lines, investment performance: AM Best
AM Best has assigned an insurer rating of B++ (good) with a stable outlook for the company.
