Company: AM Best Page 3 / 9
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- January 26 2024
Vietnam’s PTI sees rising loss ratio on health and motor lines: AM Best
AM Best has affirmed an insurer rating of B++ (good) for the company with a negative outlook due to its recent capital erosion.
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- January 9 2024
Hard market conditions to stay despite a rebound in reinsurance capital: AM Best
Traditional reinsurance capital is estimated to have risen to US$561bn last year, up 12.2%, with a 4% increase in third-party capital thanks in part to record-high issuance of cat bonds.
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- January 5 2024
Japan earthquake losses manageable for carriers but may impact 1.4 renewals: AM Best
Insurers’ conservative reinsurance strategies and low attachment point mean they have transferred earthquake risks to the international reinsurance market.
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- December 11 2023
China Taiping HK bottomline to ride on investment income as underwriting performance remains marginal: AM Best
The Hong Kong insurer's rating of A (excellent) with a stable outlook has been affirmed by the rating agency, however, noted that COR has been above 100% despite a steady decline in loss ratios coupled with lowering expense ratios.
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- December 4 2023
Lower regulatory costs, robust economy drive Indian non-life sector: AM Best
The rating agency revised outlook on India’s non-life insurance segment to stable from negative
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- November 30 2023
Lonpac’s outlook remains stable on strong underwriting results: AM Best
The Malaysian general insurer’s strong capital adequacy and combined ratios support its financial strength rating of A.
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- November 29 2023
Chinese non-life insurers’ investment risks manageble, focus on underwriting results: AM Best
Economic recovery and the recent relaxation of solvency-related investment rules support the sector’s “stable” outlook.
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- November 20 2023
AM Best affirms China Re’s rating on strong capitalisation
The rating agency noted Chaucer continues to be the major driver of overseas non-life reinsurance revenue and helps strengthen the group’s business footprint in the global reinsurance market.
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- October 23 2023
Luen Fung Hang’s 2022 COR at 58%, bancassurance model gives competitive advantage: AM Best
Macau’s second-largest general insurer’s financial strength rating of A(Excellent) has been affirmed.
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- October 10 2023
Reinsurance-driven Indonesian non-life carriers continue to face underwriting challenges: AM Best
AM Best has assigned a negative sector outlook for the Indonesian non-life insurance sector due to heightened reinsurance credit risk.
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- September 29 2023
Cathay Century to sustain turnaround as motor revenues pick up: AM Best
The global rating agency has affirmed an insurer rating of A (excellent) for the Taiwanese P&C player with a stable outlook.
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- September 11 2023
Despite volatility, Asian reinsurers set for better underwriting results: AM Best
The overall combined ratio of APAC's leading reinsurers improved slightly to 100.8% in FY 2022 from 101.1% in the previous year.
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- September 1 2023
AM Best affirms Macau Insurance’s rating despite a 5% increase in COR
The rating agency has affirmed a rating of A- (excellent) with a stable outlook to the third-largest Macanese insurer on account of its very strong balance sheet.
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- July 26 2023
Philippines non-life market outlook negative due to higher risk retention: AM Best
The country’s carriers have reduced proportional cover for property insurance due to the hardening market and tighter terms.
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- July 24 2023
Thai carrier Dhipaya handed negative rating outlook due to stress on capital buffer
AM Best, however, affirmed the A- (excellent) rating for the country's second largest general insurer due to strong operating performance, COR of 83.6%.
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- July 14 2023
Nat Re to rejig portfolio with a shift to life business to improve profitability: AM Best
The rating agency has affirmed the reinsurer's rating of B++ (good) with a stable outlook.
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- July 10 2023
Hanwha’s ratings affirmed as capital pressures ease due to IFRS 17 and KI-ICS: AM Best
The negative impact of Carrot on the carrier's consolidated results will decrease gradually as the digital insurer continues to build economies of scale.
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- June 28 2023
Long-term products, auto to drive growth for Korean insurers: AM Best
Stable outlook ahead for Korean non-life insurance business as IFRS 17 is expected to bring in more stability.
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- June 23 2023
UOI’s rating affirmed on strong underwriting results and investment portfolio restructure: AM Best
The rating agency has affirmed an insurer rating of A+ (superior) with a stable outlook.
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- June 23 2023
PICC Hong Kong expanding reinsurance portfolio, mainland sales: AM Best
The rating agency has affirmed A- (excellent) rating for the Hong Kong carrier with a stable outlook.
