Industry Segments: Ratings Page 1 / 18
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- April 23 2024
Korean insurers remain resilient to overseas commercial real estate deterioration: Fitch
A steady increase in the release of contractual service margins, driven by sound underwriting performance, will continue to support Korean insurers’ profitability despite volatility in their investment returns, Fitch said.
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- April 22 2024
Peak Re’s outlook upgraded to ‘stable’ as growth prospects brighten: Moody’s
The upgrade from "negative" reflects its view that contagion risk from its parent Fosun International, in the form of strain on its business growth, is unlikely to increase meaningfully.
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- April 22 2024
MS&AD Group’s outlook stable but acquisition may bring volatility: S&P Global
The rating agency has affirmed the carrier's 'A+' rating following revised capital model criteria, but noted that overseas acquisitions could bring volatility to its capital.
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- April 16 2024
Fitch downgrades outlook for Sinosure, China Taiping group entities after sovereign rating action
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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- April 12 2024
Sompo Singapore to sustain profitability, expand regional commercial line: S&P Global
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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- 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
Huatai P&C Insurance’s underwriting performance set to improve on Chubb’s support: Fitch
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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- 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 21 2024
China United Property Insurance put on negative rating watch: Fitch
The rating action is due to potential reduction in support from parent China Orient Asset Management and the insurer's weakening capital strength.
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- March 18 2024
Ping An P&C improves underwriting with reduced credit and guarantee exposure, new motor policies: AM Best
The rating agency has affirmed the insurer rating of A (excellent) with a stable outlook.
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- March 4 2024
Asei Indonesia to further reduce credit insurance exposure: Fitch
The rating agency has affirmed the carrier's 'A (idn)' rating with a stable outlook to the Indonesian insurer.
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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 27 2024
Tokio Marine Group earnings to improve on overseas profits: S&P Global
The rating agency affirmed the A+ rating of the Japanese group's core subsidiaries and the A-1 rating of Tokio Marine & Nichido Fire (TMNF) with a stable outlook.
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- February 26 2024
Taiping Re may post FY 2023 underwriting loss on Turkey, Hong Kong cat exposures: Fitch
Higher retentions, reduced excess-of-loss coverage and increased retro cost are weighing on the reinsurer's performance, with its COR for the first half up at 106%.
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- February 26 2024
Tokio Marine’s underwriting profitability to recover: Fitch
The rating agency has affirmed Tokio Marine & Nichido Fire Insurance's rating at "AA-" with a stable outlook on higher property and motor premiums, despite a COR at 103%.
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- February 20 2024
Chubb Japan’s performance to stabilise on parental support: S&P Global
The rating agency affirmed the 'AA-' long-term issuer credit rating & stable outlook after the insurer's H1 results benefitted from a growth in travel and commercial insurance.
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- February 9 2024
Fitch slashes Indonesian insurer Eka Lloyd’s outlook on lower capitalisation
The Indonesian insurer's “BBB+” rating is affirmed. Still, credit insurance, which accounts for the bulk of its premium, could add volatility to its reserve.
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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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- February 5 2024
Malaysian Re’s ‘business remodelling’ to bring product and distribution diversification: AM Best
The rating agency has reaffirmed the reinsurer's A- (excellent) with a stable outlook.
