Industry Segments: Ratings Page 4 / 21
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- June 13 2024
KFINCO vulnerable to cyclical construction sector, economy: Fitch
The ratings agency affirmed Korea Finance for Construction Insurance's financial strength rating at 'A' (strong), with a stable outlook.
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- June 11 2024
Mitsui Sumitomo, Aioi Nissay Dowa to improve underwriting profitability: AM Best
The rating agency has affirmed an A+ (superior) to Mitsui Sumitomo, its US-based operating companies and to Aioi Nissay Dowa Insurance and A- (excellent) to Aioi Nissay Dowa Insurance (China) Company.
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- June 10 2024
Bolttech Hong Kong sees service results improve on lower expenses, reserve release: Fitch
The rating agency affirmed the Hong Kong general insurer's BBB+ (good) rating with a stable outlook.
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- June 3 2024
Vietnam National Reinsurance’s underwriting results to stay favourable: AM Best
The ratings agency has affirmed VinaRe's financial strength rating of "B++" (good) with a stable outlook.
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- May 16 2024
Guoren P&C’s underwriting profitability under test: Fitch
The Rating agency has downgraded the insurer's rating outlook to "negative" from "stable", while affirming its rating at "BBB".
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- April 26 2024
BRI Insurance’s underwriting profitability supports ‘stable’ outlook: Fitch
The rating agency assigned the Indonesian carrier a national insurer financial strength rating of AA to BRI Insurance on low claim ratio and 55% COR in 2023.
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- April 26 2024
Shinkong Insurance’s rating outlook revised to ‘positive’: AM Best
The Taiwanese insurer's long-term issuer credit rating benefitted from prudent underwriting strategy, favourable claims experience and disciplined expense management.
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- April 25 2024
MSIG Singapore could post modest premium growth in 2024: S&P Global
S&P Global Ratings affirmed MSIG Singapore's "A+" local-currency financial strength rating with a stable outlook.
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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.
