Company: AM Best Page 5 / 10
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- January 9 2023
Malaysian Re’s India, MENA performance help mitigate 2021 domestic flood hit
AM Best has affirmed the Asean reinsurer's rating of A- (Excellent) with a stable outlook.
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- December 23 2022
Vietnam Bao Minh Insurance combined ratio at 97.8%: AM Best
The firm’s claims have been supported by a lower loss ratio in motor, personal accident and health.
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- December 19 2022
Qianhai Re on track to sustained profitability, capital efficiency: AM Best
The rating agency affirmed the reinsurer’s financial strength rating of A- (excellent) with a stable outlook.
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- December 19 2022
Fubon Vietnam underwriting performance improved despite cat losses from foreign inward business
AM Best has affirmed the B++ rating for the general insurance arm of the Taiwanese financial services group.
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- December 15 2022
New Zealand Provident Insurance combined ratio 93%: AM Best
Lower usage of vehicles during Covid resulted in less motor claims and led to better underwriting results.
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- December 13 2022
China’s easing Covid norms to help non-life underwriting performance: AM Best
Non-life insurers in China posted a healthy 20% earnings growth this year till September.
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- December 12 2022
China Taiping Hong Kong’s underwriting margins remain thin: AM Best
The P&C carrier’s combined ratio remained above 100% despite improvements in performance.
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- December 12 2022
Korean Re to reduce overseas property cat exposure
The South Korean reinsurer hit by Covid claims and nat cats will expand casualty and specialty lines, according to AM Best.
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- December 9 2022
Covid restrictions help Lonpac improve COR: AM Best
The general insurer posted a five-year average combined ratio of 66.1%.
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- December 5 2022
Meritz Fire & Marine’s loss ratio outperformed domestic peers: AM Best
The rating agency upgraded Korea’s fifth largest non-life carrier's rating to A on its strong profitability.
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- December 5 2022
Hotai Insurance downgraded by AM Best over ‘significant’ pandemic claims
The Taiwanese general insurer has been rated at B++ as Covid-19 claims wiped off US$853m capital injection by parent Hotai Motor.
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- December 5 2022
Nan Shan General to see through Covid claims damage: AM Best
The Taiwanese P&C carrier had reported a net loss of US$426m primarily due to pandemic claims
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- November 30 2022
AM Best sees decline in available reinsurance capital by year-end, outlook remains stable
Pricing is likely to further harden by end of the year and it could impact 2023 renewals, the rating agency said.
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- November 17 2022
Petrolimex may see margin pressure rise as claims frequency normalises: AM Best
The Vietnamese general insurer, rated B++, has posted a five-year average combined ratio of 97.7%.
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- November 11 2022
PGA Sompo’s outlook revised to ‘good’: AM Best
The Makati City-headquartered insurer holds a 3% non-life market share in the Philippines.
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- November 11 2022
Evergreen captive sees ‘favourable’ net claims: AM Best
AM Best expects that marine underwriting results will continue to be the main driver of its bottom-line.
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- November 10 2022
ZhongAn’s investment income balances ‘marginal’ underwriting result: AM Best
Investments will continue to be the main driver of profits over the medium term.
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- November 4 2022
Fubon Insurance’s strong capitalisation will help rebound from Covid: AM Best
A capital injection of US$468.5m in August 2022 from its parent is sufficient to absorb the potential pandemic claims for the Taiwanese carrier.
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- November 2 2022
Credit and motor challenges behind negative Indonesia non-life outlook: AM Best
There has been premium rate inadequacy and weaknesses in underwriting risk management.
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- November 1 2022
Vietnam’s non-life market saw 14% growth in H1 2022
The market has promising signs in the context of a favourable economic outlook, says AM Best.
