Subject: Ratings Page 13 / 24
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- May 7 2023
Three key QBE subsidiaries handed ratings upgrades
AM Best revised outlook to stable for North America, Europe and UK subsidiaries on improved underwriting and operating performance metrics.
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- May 2 2023
Guild Insurance capital adequacy to remain strong in medium term: AM Best
AM Best has affirmed the insurer rating at A- (excellent) with a stable outlook, taking note of its very strong balance sheet.
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- May 1 2023
Shinkong Insurance could sustain stable COR, positive underwriting results: AM Best
The insurer has been rated “a” (excellent) for its very strong balance sheet, adequate operating performance, neutral business profile and appropriate enterprise risk management.
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- April 28 2023
Zhongyuan sees stable business ahead, cat cover low: AM Best
AM Best has affirmed the insurer a rating of B++ (good) with a stable outlook, but says it requires more cat reinsurance.
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- April 27 2023
Licence of Sri Lanka’s Co-operative Insurance suspended, Fitch downgrades again
The downgrade to BB from BBB comes after a governance breach saw all new business stopped until May 2.
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- April 17 2023
Chinese non-life carriers have solid capital, reinsurance to face cat risks: Fitch
A steady investment yield contributes favourably to most insurers’ overall operating stability and underwriting performance.
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- April 16 2023
Zhongyuan Agricultural Insurance scripts COR turnaround
The Chinese carrier, which was rated A- (strong) with a stable outlook by Fitch, posted a 90% combined ratio last year compared with 104% in 2021.
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- April 14 2023
Tugu Insurance (Hong Kong) continues diversification push: AM Best
After years of 'unstable' underwriting results, the Indonesian-owned insurer has moved away from construction employees’ compensation to focus on lines such as a goods in transit.
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- April 11 2023
AM Best upgrades CMB Wing Lung Insurance over CMI deal closure
The Hong Kong carrier to maintain a robust level of risk-adjusted capitalisation over the short to intermediate term.
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- April 7 2023
China’s Allianz Jingdong downgraded on poor COR, weakened capitalisation
The Guangzhou-headquartered general insurer's combined ratio rose to 104% in Q3 2022, from 99% in Q3 2021, said Fitch.
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- April 4 2023
Chubb-parent deal to benefit Huatai P&C ratings: Fitch
Huatai P&C ceded about 29% of its premiums written in H12022 through several reinsurance treaties to a portfolio of reinsurers.
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- March 31 2023
Hollard Insurance’s underwriting to benefit from lower expenses and rate hikes: AM Best
The rating agency has affirmed an insurer rating of A- (excellent) with a stable outlook for the company.
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- March 31 2023
Mitsui Sumitomo’s underwriting to improve to pre-pandemic levels: Fitch
The rating agency has affirmed an insurer rating of 'A+' (strong) with a stable outlook to the company.
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- March 28 2023
Sinosure underwriting results to see ‘marginal’ growth in long term: Fitch Ratings
The rating agency has affirmed the Chinese trade credit insurer's rating as A+ (strong) with a stable outlook.
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- March 24 2023
China Taiping’s Macau P&C arm could see 71% COR ‘normalise’ this year: AM Best
The economy in the gambling mecca is showing signs of recovery from the pandemic with tourists returning.
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- March 22 2023
Sun Hung Kai Properties Insurance underwriting results to outperform peers: AM Best
The rating agency has affirmed the Hong Kong insurer's rating at A (excellent) with a stable outlook.
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- March 10 2023
Moody’s downgrades Fubon Insurance as pandemic hits profitability
The Taiwanese insurer's rating was changed to A2 from A1 with outlook changed to negative from stable.
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- March 10 2023
AM Best downgrades Scor over ‘sizeable’ losses
Rating agency has downgraded its insurer rating to A (excellent) from A+ (superior) even as it revised the company outlook to stable from negative
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- March 10 2023
Tokio Marine overseas profits to account for over 60% of total in FY 2023: Fitch
The rating agency has affirmed Tokio Marine & Nichido Fire Insurance's financial strength rating at 'AA-' (very strong) with a stable outlook.
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- March 2 2023
Himalayan Re expected to complete US$23m IPO this month: AM Best
The rating agency has placed the Nepalese reinsurer’s rating under review with positive implications due to the proposed listing.
