Subject: Ratings Page 17 / 25
-
- November 21 2022
China Re ratings upgraded on higher underwriting margins, overseas recovery
AM Best revised the Chinese state-owned carrier’s rating to a+ (excellent) from a with a stable outlook.
-
- November 18 2022
Nasional Re downgraded over poor governance, weak financials
Fitch has handed Indonesia's largest domestic reinsurer a CC rating and placed the firm on negative watch.
-
- November 17 2022
Petrolimex may see margin pressure rise as claims frequency normalises: AM Best
The Vietnamese general insurer, rated B++, has posted a five-year average combined ratio of 97.7%.
-
- November 16 2022
Government proposes Sri Lanka Insurance restructure
The idea is to help improve the firm’s operational performance and efficiency.
-
- November 15 2022
Stable outlook for Asuransi Wahana Tata as premium growth recovers: Fitch
The AA-rated Indonesian general insurer reported 19% premium growth for the first nine months of 2022.
-
- November 14 2022
Tune Protect Re expected to diversify over ‘medium’ term
The Malaysian player is likely to sign up with new business partners, according to AM Best.
-
- November 11 2022
PGA Sompo’s outlook revised to ‘good’: AM Best
The Makati City-headquartered insurer holds a 3% non-life market share in the Philippines.
-
- November 11 2022
Evergreen captive sees ‘favourable’ net claims: AM Best
AM Best expects that marine underwriting results will continue to be the main driver of its bottom-line.
-
- November 10 2022
ZhongAn’s investment income balances ‘marginal’ underwriting result: AM Best
Investments will continue to be the main driver of profits over the medium term.
-
- November 8 2022
APRA’s new capital guidelines won’t impact ratings, says Fitch
Fitch believes the latest regulatory expectations may carry implications for the pricing of capital instruments.
-
- November 4 2022
Spurt in rates punch a US$200bn hole in insurers’ H1 2022 earnings
AM Best said it does not expect negative ratings actions as carriers have strong fundamentals.
-
- November 4 2022
Fubon Insurance’s strong capitalisation will help rebound from Covid: AM Best
A capital injection of US$468.5m in August 2022 from its parent is sufficient to absorb the potential pandemic claims for the Taiwanese carrier.
-
- November 1 2022
Vietnam’s non-life market saw 14% growth in H1 2022
The market has promising signs in the context of a favourable economic outlook, says AM Best.
-
- October 31 2022
BOCG Insurance boosted its underwriting result in 2021
AM Best expects the company to continue leveraging the branch network of its banking parent.
-
- October 31 2022
Labuan Re improves underwriting performance, will benefit from hard market: AM Best
Management’s remedial actions have helped, while the reinsurer can expect moderate premium growth.
-
- October 24 2022
Dah Sing Insurance expanding into construction all risks, mortgage cover
The company is reducing its offshore inward reinsurance portfolio amid a capital and surplus decline by US$30 million in the first half of 2022, according to AM Best.
-
- October 16 2022
Peak Re’s outlook revised to negative by AM Best
Despite contagion risks from the Fosun ownership, the reinsurer's standalone business fundamental remains stable, said the rating report affirming its A- credit rating.
-
- October 16 2022
Pakistan floods place credit pressure on P&C players
EFU General Insurance, Jubilee General Insurance and Adamjee Insurance have relatively small exposures to the flooding.
-
- October 13 2022
BIDV Insurance facing ‘moderate’ capital adequacy volatility: AM Best
The Fairfax-backed insurer, whose ratings were maintained, was affected by changes in cat risk strategy.
-
- October 12 2022
Fitch affirms A- rating, stable outlook for China Taiping’s UK subsidiary
The subsidiary's underwriting result was US$4.3m in 2021, compared to a loss of US$25.2m in 2020.
