Industry Segments: Ratings Page 1 / 22
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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
Rising personal lines prices help stabilise global P&C sector: Moody’s
Pricing in China is unlikely to meaningfully improve, especially in motor, due to directives designed to reduce financial pressure on policyholders as well as mispricing risk for EVs.
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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 10 2024
Malaysian Re to maintain stability in underwriting performance: Fitch
The rating agency has affirmed the rating at 'A' (strong) with a stable outlook for the reinsurer citing its ability to manage potential volatility and earnings dependence on local voluntary cessions.
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- December 9 2024
Meritz Fire & Marine’s strong earnings to support its risk-adjusted capitalisation: AM Best
The rating agency has affirmed financial strength rating of ‘A’ (excellent) and a long-term issuer credit rating of “a” (excellent) of the carrier with a stable outlook.
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- December 9 2024
Investment income key profitability driver for China Taiping Hong Kong: AM Best
AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (excellent) for China Taiping Insurance (HK) with a stable outlook.
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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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- December 4 2024
Despite challenges, Asia Pacific non-life insurers to benefit from rate hikes, costs control: Fitch
The rating agency has assigned a neutral outlook for the Asia Pacific insurance sector.
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- December 3 2024
Asia Pacific fastest growing market for cyber insurance: S&P Global
APAC 2019-2023 GWP growth was at 68% for the primary market and 69% for reinsurance compared with 38% and 56% globally, respectively.
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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.
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- November 28 2024
Malaysian Re’s focus on volatility of non-voluntary cession, overseas businesses key to underwriting performance stability: Fitch
The rating agency affirmed Malaysian Re’s insurer financial strength rating at 'A' (strong) with a stable outlook, reflecting its 'moderate' company profile and 'very strong' capitalisation.
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- November 22 2024
Fidelidade Macau improves ROE on China border reopening, light rail transit project: Fitch
The rating agency has affirmed the P&C carri rating at 'A' (strong) with a stable outlook driven by the insurer's strategic importance to its Portuguese parent company.
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- November 21 2024
Seoul Guarantee Insurance could see decline in underwriting performance on a rise in paid claims: Fitch
The rating agency has affirmed SGI’s rating at 'AA-' (very strong) with a stable outlook taking into account its strong capitalisation, financial performance, and the support it receives from the government.
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- November 18 2024
Tugu Re’s property, credit businesses adds volatility as 2023 COR rises to 107%: Fitch
The global rating agency has affirmed Tugure’s rating at 'A+(idn)' with a stable outlook.
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- November 18 2024
China Re’s overseas P&C business posts robust growth, says AM Best affirming its rating
The rating agency noted Chaucer continues to be the major driver of overseas non-life reinsurance revenue.
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- November 15 2024
Emerging capital standards to increase Korea, HK and Taiwan insurance consolidation: Fitch Ratings
Regulators in the Asia Pacific region are upgrading existing solvency frameworks with a growing emphasis on aligning with ICS, IFRS 17 and other global regimes.
