Company: AM Best Page 2 / 9
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- October 8 2024
Compulsory motor third-party liability, high interest rates to benefit Indonesian P&C carriers: AM Best
The rating agency has revised its outlook for the country's non-life insurance segment from negative to stable, noting carriers' robust top-line results in Q1 2024.
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- September 25 2024
Hong Kong RBC framework enhances insurers’ enterprise risk management: AM Best
The risk-based capital regime also introduces disclosure requirements that will improve transparency and comparability among insurers in Hong Kong, the rating agency said.
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- September 24 2024
More rating upgrades than downgrades for APAC (re)insurers in 2023: AM Best
There were eight long-term issuer credit rating upgrades for the regional carriers in 2023, driven predominantly by improved balance sheet strength and favourable operating performance, compared with four downgrades during the period.
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- August 9 2024
Central Re’s non-life reinsurance leadership in Taiwan to sustain: AM Best
The rating agency has affirmed the financial strength rating of "A" (Excellent) with a stable outlook.
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- August 9 2024
Malayan Insurance’s underwriting to benefit from portfolio measures, retail growth: AM Best
The rating agency has affirmed its “B++” financial strength rating and “stable” outlook on the Philippines' non-life insurer.
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- August 7 2024
Hyundai Insurance China outlook downgraded over operating losses, underwriting risk: AM Best
The rating agency has affirmed the insurer’s B++ (good) rating, noting that its risk-adjusted capitalisation has benefitted from the capital injection from strategic investors.
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- July 29 2024
CrowdStrike IT outage could be earnings event, impact multiple carriers: AM Best
Since insurers have been tightening underwriting standards through increased retentions, manageable limits, shifting their focus to small and medium-size enterprises, the use of reinsurance, the event has potential to be a contracted claims and legal process, according to the rating agency.
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- July 19 2024
Hyundai Marine & Fire Insurance’s long-term line results to improve: AM Best
The rating agency has affirmed the carrier's financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) with a stable outlook.
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- June 11 2024
Mitsui Sumitomo, Aioi Nissay Dowa to improve underwriting profitability: AM Best
The rating agency has affirmed an A+ (superior) to Mitsui Sumitomo, its US-based operating companies and to Aioi Nissay Dowa Insurance and A- (excellent) to Aioi Nissay Dowa Insurance (China) Company.
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- June 10 2024
Global reinsurance outlook upgraded to “positive” on strong profit margins: AM Best
Global reinsurers' strong underwriting margins and return-on-equity enable them to absorb large losses seen in the first quarter 2024, as the sector outlook improved from "stable" to "positive".
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- June 3 2024
Vietnam National Reinsurance’s underwriting results to stay favourable: AM Best
The ratings agency has affirmed VinaRe's financial strength rating of "B++" (good) with a stable outlook.
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- April 11 2024
Taiwan earthquake claims unlikely to exceed 2016 Meinong event’s US$500m: AM Best
Carriers will only have to deal with limited commercial and industrial claims such as business interruption as the April 3 quake was quite far from the economic and scientific centres and most of the losses are ceded to the international reinsurance market.
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- April 11 2024
Tugu Insurance’s Hong Kong arm sees modest near-term profitability: AM Best
AM Best has affirmed an insurer rating of B+ (good) for the company with a stable outlook.
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- March 25 2024
SHKPI’s underwriting result benefits from low acquisition cost model: AM Best
The rating agency affirmed Sun Hung Kai Properties Insurance's long-term issuer rating of ‘a’ (excellent) with a stable outlook as it benefits from parent's distribution channel.
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- March 22 2024
China Taiping Macau’s 2023 COR and outlook remain stable: AM Best
The rating agency affirmed the insurer's financial strength rating of ‘A’ (Excellent) with a stable outlook, citing its strong balance sheet and operating performance.
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- March 14 2024
Vietnam’s amended law set to stunt bancassurance sales growth: AM Best
Heightened regulatory scrutiny has already led to the first fall in insurance premiums in a decade in 2023. Still, the amended law will impact the non-life sector less compared to life.
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- March 1 2024
Robust pricing, investments to boost FMG Insurance NZ earnings: AM Best
AM Best has affirmed an insurer rating of A (excellent) with a stable outlook, though a US$158m bill from the twin weather events last year burned a hole through its operating results.
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- February 6 2024
AM Best removes Fubon Insurance from “under review” on recovery from Covid-19 losses
The rating agency has removed the carrier from "under review with negative implications", but assigned "negative" outlook due to its exposure to reinsurer credit risk.
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- January 31 2024
Japan’s non-life insurers to stay profitable despite large cat losses: AM Best
The rating agency is maintaining its stable outlook on the sector's underwriting performance despite sizable earthquake, typhoon and hailstorm claims.
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- January 26 2024
Consistent underwriting profits back Bao Minh Insurance’s stable outlook: AM Best
AM Best has affirmed the Vietnamese carrier's issuer rating at B++ (good) with a stable outlook, due to its consistent profits and strong balance sheet.
