Industry Segments: Ratings Page 14 / 21
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- November 14 2022
Tune Protect Re expected to diversify over ‘medium’ term
The Malaysian player is likely to sign up with new business partners, according to AM Best.
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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 8 2022
APRA’s new capital guidelines won’t impact ratings, says Fitch
Fitch believes the latest regulatory expectations may carry implications for the pricing of capital instruments.
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- November 4 2022
Spurt in rates punch a US$200bn hole in insurers’ H1 2022 earnings
AM Best said it does not expect negative ratings actions as carriers have strong fundamentals.
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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 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.
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- October 31 2022
BOCG Insurance boosted its underwriting result in 2021
AM Best expects the company to continue leveraging the branch network of its banking parent.
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- October 31 2022
Labuan Re improves underwriting performance, will benefit from hard market: AM Best
Management’s remedial actions have helped, while the reinsurer can expect moderate premium growth.
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- October 24 2022
Dah Sing Insurance expanding into construction all risks, mortgage cover
The company is reducing its offshore inward reinsurance portfolio amid a capital and surplus decline by US$30 million in the first half of 2022, according to AM Best.
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- October 16 2022
Peak Re’s outlook revised to negative by AM Best
Despite contagion risks from the Fosun ownership, the reinsurer's standalone business fundamental remains stable, said the rating report affirming its A- credit rating.
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- October 16 2022
Pakistan floods place credit pressure on P&C players
EFU General Insurance, Jubilee General Insurance and Adamjee Insurance have relatively small exposures to the flooding.
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- October 13 2022
BIDV Insurance facing ‘moderate’ capital adequacy volatility: AM Best
The Fairfax-backed insurer, whose ratings were maintained, was affected by changes in cat risk strategy.
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- October 12 2022
Fitch affirms A- rating, stable outlook for China Taiping’s UK subsidiary
The subsidiary's underwriting result was US$4.3m in 2021, compared to a loss of US$25.2m in 2020.
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- October 11 2022
Korea’s Construction Guarantee Cooperative benefitting from rising infrastructure spend
AM Best affirmed the financial strength rating of A+ and the long-term issuer credit rating of “aa-” to the government-designated surety underwriter.
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- October 10 2022
Luen Fung Hang Insurance gets over pandemic impact with 58% COR: AM Best
The Macanese P&C player leveraged its distribution to stay second in the market with a 22.8% share.
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- October 10 2022
Hollard’s Australian arm constrained by Commonwealth Insurance buy
AM Best said the combined entity is expected to see growth in underwriting risks.
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- October 7 2022
Peak Re’s ratings put on review for downgrade by Moody’s
The rating agency also placed on review for downgrade the debt rating on Peak Re’s Baa3-backed subordinated perpetual securities.
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- October 7 2022
GIC Re issuer outlook downgraded to negative amid accounting scrutiny
AM Best affirmed the state-owned carrier’s long-term issuer credit rating of bbb+ and financial strength rating of B++ with a stable outlook.
