Fitch Ratings downgrades Guoren P&C over risky assets, leverage
May 29 2023 by InsuranceAsia News Staff
MORE FROM: Ratings
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Fitch downgrades outlook for Sinosure, China Taiping group entities after sovereign rating action
- April 16
The negative outlook reflects a potential decline in the willingness and ability of the government to support insurers with weaker standalone credit quality.
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Sompo Singapore to sustain profitability, expand regional commercial line: S&P Global
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S&P Global Ratings affirmed the carrier's "A" local currency long-term insurer financial strength rating with a stable outlook.
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Tugu Insurance’s Hong Kong arm sees modest near-term profitability: AM Best
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AM Best has affirmed an insurer rating of B+ (good) for the company with a stable outlook.
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Huatai P&C Insurance’s underwriting performance set to improve on Chubb’s support: Fitch
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Fitch Ratings has upgraded Huatai P&C’s rating to 'A+' (strong) from 'A' following Chubb's move to raise its stake in its holding company, Huatai Insurance, to 85.5% in February.
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