Industry Segments: Ratings Page 9 / 21
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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.
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- June 23 2023
PICC Hong Kong expanding reinsurance portfolio, mainland sales: AM Best
The rating agency has affirmed A- (excellent) rating for the Hong Kong carrier with a stable outlook.
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- June 22 2023
Tokio Marine Newa Insurance raises fresh capital after FSC warning
Taiwan's regulator had ordered the insurer to bring in more capital by the end of June or it would be taken over.
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- June 19 2023
Asian Re rating outlook positive as it lays out plan to improve underwriting results: AM Best
The rating agency affirmed B+ (good) rating and noted that the reinsurer's COR has improved to 103.3%.
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- June 19 2023
FWD General Insurance to exit group medical in 2024, tail off employee compensation: Fitch
The rating agency has affirmed the Hong Kong carrier's rating at 'BBB+' (good) while its outlook has been revised to stable from positive.
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- June 16 2023
Taikang-backed Tk.cn scripts underwriting turnaround with COR improving 29 points to 92%
Fitch has affirmed the Chinese digital non-life insurer's rating at A- with a stable outlook.
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- June 15 2023
Lloyd’s to reverse losses this year, affirms AA- rating, including for China: Fitch
Fitch expects Lloyd’s to maintain its improved global underwriting results in 2023-4 as pricing conditions remain 'favourable', although volatility will remain.
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- June 12 2023
Aioi Nissay Dowa Insurance’s COR to stay in mid-90s: AM Best
AM Best has affirmed the insurer rating of A+ (superior) to ADI along with an A- (excellent) to its Chinese affiliate.
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- June 12 2023
Mitsui Sumitomo’s ratings affirmed by AM Best as overseas operations see recovery
The agency confirms A+ (superior) rating for MSI and its affiliates as it is expected to maintain strong underwriting performance over the intermediate term
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- June 9 2023
Tokio Marine Indonesia’s 2022 COR at 84%: AM Best
The credit rating agency has affirmed an A- (excellent) rating with a stable outlook for the Indonesian carrier.
