Licence of Sri Lanka’s Co-operative Insurance suspended, Fitch downgrades again
April 27 2023 by InsuranceAsia News Staff
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Fitch downgrades outlook for Sinosure, China Taiping group entities after sovereign rating action
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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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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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