Industry Segments: Ratings Page 10 / 23
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- August 21 2023
DPL Insurance to sustain underwriting profitability: AM Best
Underwriting results improved over the past five years, with COR reducing to 77.4% in FY 2023 from 96% in FY 2019.
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- August 18 2023
AM Best downgrades Pakistan’s EFU following sovering rating downgrade
AM Best has given the general insurer a B- (fair) rating down from B (fair) while its outlook has been revised to negative from stable.
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- August 18 2023
AM Best expects Korea P&I Club’s ‘underwriting fundamentals’ to improve; affirms ratings
After a difficult few years, the Korean carrier has been taking action such as premium increases, the non-renewal of unprofitable policies and enhancing terms.
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- August 14 2023
CBIC’s outlook stable over premium growth: AM Best
The rating agency has affirmed an A- insurer rating for Chinese-owned Hong Kong insurer with a stable outlook.
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- August 11 2023
Central Re will restore its non-life underwriting profitability after Covid hit: AM Best
AM Best has affirmed the Taiwanese reinsurer with a rating of “a” with a stable outlook.
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- August 8 2023
Taishan P&C’s 2023 underwriting result hinges on motor claims: Fitch
Fitch Ratings has affirmed an insurer rating of 'BBB+' for the Chinese insurer, with a stable outlook.
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- August 7 2023
AM Best upgrades DB Insurance’s rating to A+ as underwriting ‘outperforms’ peers
DBI is South Korea's third-largest non-life insurer with a market share of around 17% of GWP in 2022.
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- July 31 2023
Japan P&I Club sees increase in free reserves, ratings affirmed: S&P Global
The rating agency also revised the company’s financial risk profile upwards as its capital adequacy has improved to the 'AA' confidence level following a US$49m unbudgeted supplementary call.
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- July 31 2023
China Huanong P&C outlook negative over uncertainty in capital injection plan: Fitch
The BBB-rated Chinese general carrier's equity base had shrunk due to unrealised investment losses, the rating agency says.
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- July 28 2023
Earthquake risk concentration weigh on Reasuransi Maipark’s earnings: Fitch
The rating agency has affirmed insurer rating A with a stable outlook for the Indonesian reinsurer.
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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 19 2023
Chinese carrier Zhonglu’s COR improves to 100% on better risk selection: Fitch
The Qingdao-based insurer, rated BBB (good) with a stable outlook, is rapidly expanding its non-motor business and readying for capital injection.
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- July 18 2023
CNPC Captive’s COR improves 24 points to 71% on reserve releases: Moody’s
The rating agency affirming the captive's A2 rating noting that it has reduced exposure to cat perils after it ceased insuring some pipeline assets divested by CNPC.
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- July 17 2023
Tokio Marine’s underwriting profitability to improve modestly: Moody’s
The rating agency affirmed the insurer a rating of Aa3, one notch above the Japanese sovereign rating of A1, with a stable outlook.
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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 11 2023
Meritz Korindo’s rating affirmed by Fitch despite low retention ratio
The rating agency has affirmed the Indonesian carrier's A+ rating and says there is sufficient capitalisation to offset the company's volatile underwriting performance.
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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 29 2023
Japanese carriers’ domestic underwriting to recover to pre-pandemic levels in FY 2024: Fitch
The average combined ratio of the major Japanese non-life insurers, Tokio Marine, MS&AD, and Sompo, increased by six percentage points year-on-year to 100% in FYE23.
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- June 26 2023
Korean construction insurer KSCFC eyeing overseas expansion to reduce risk: Fitch
The rating agency has assigned the cooperative an insurer rating of 'A' (strong) with a stable outlook, a notch above its standalone credit quality.
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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.
