Industry Segments: Ratings Page 17 / 23
-
- September 13 2022
Domestic leadership, global presence drive TMNF’s growth: AM Best
Average five years combined ratio for non-life insurance was 95.6%.
-
- September 6 2022
Sri Lanka Insurance’s underwriting profits to suffer from inflation: Fitch
The P&C insurer has limited ability to reprice policies due to the economic crisis in the country.
-
- September 5 2022
Macau Insurance’s top-line to be hit by slowdown and dim gaming prospects
The carrier's GWP was down 10% in 2021 but overall combined ratio remained at a healthy 89%.
-
- September 5 2022
Toa Re’s NWP grew 5% on strong overseas business in 2021: AM Best
The Japanese reinsurer's underwriting was impacted by nat cat losses and 'extraordinary' incidents, but its financial rating remains 'excellent'.
-
- September 2 2022
China P&I exploring South-East Asia markets for diversification: AM Best
The rating agency has assigned the club a financial strength rating of A- (excellent).
-
- August 30 2022
Moody’s downgrades Peak Re; changes outlook to negative
The rating action is a result of contagion risks to the carrier from parent Fosun's weakened credit profile.
-
- August 25 2022
AM Best revises Covid-hit Taiwan non-life sector outlook to negative
Gross pandemic policy claims of US$2bn over the last six months have left carriers struggling to pay out.
-
- August 23 2022
Specialty MGA Delta handed favourable AM Best review
Delta is one of the first MGAs to be reviewed by a rating agency.
-
- August 22 2022
AM Best downgrades Korea P&I Club due to large claims
The Club is exposed to high severity losses or increased claims frequency over the medium term.
-
- August 19 2022
China non-life market on road to recovery but margin pressures remain: Fitch
Nat cat events are likely to test underwriting returns in the second half of the year.
-
- August 15 2022
China BOCOM Insurance’s loss ratio recovers in 2021 as A&H claims improve
The Hong Kong insurer COR has remained at around 100% over the past five years.
-
- August 10 2022
FWD GI’s improved COR could be impacted by higher IT spend: Fitch Ratings
The Hong Kong P&C player is gradually exiting group medical business.
-
- August 8 2022
AM Best upgrades Singapore Re after Fairfax support and positive 2021 result
The reinsurer's underwriting performance improved after reserve releases.
-
- August 1 2022
Malayan Insurance COR hampered by fire and cat losses: AM Best
The company reported a five-year average combined ratio of 101.4%.
-
- July 25 2022
Marine, property and liability drive China Merchants Insurance’s premium growth: AM Best
The Hong Kong insurer's premium revenue grew by 11.8% in 2021.
-
- July 19 2022
P&I club Skuld could be downgraded on underwriting performance: S&P
The marine player, which has Hong Kong and Singapore offices, is selling Lloyd's subsidiary Asta.
-
- July 18 2022
DB Insurance benefits from underwriting improvement: AM Best
The Korean firm's five year average COR is the lowest among its domestic peers.
-
- July 12 2022
Indonesia’s Sinar Mas outlook ‘favourable’ despite 102% COR: Fitch
The firm's COR deteriorated last year compared with 2020.
-
- July 7 2022
Hanwha General’s underwriting measures improve performance: AM Best
Negative impact of its start-up subsidiary Carrot is also expected to decrease.
-
- July 6 2022
Korea’s P&C players benefit from improved underwriting: Fitch
Profitability increased sharply in 2021.
