Subject: Ratings Page 21 / 23
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- September 1 2021
Taishan P&C investments help neutralise underwriting losses
The insurer's non-motor book, excluding agriculture, posted a combined ratio of 114% last year.
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- September 1 2021
Fubon P&C sees over 30% decline in premiums in H1 2021
Plans to grow the firm's non-motor reinsurance business in China faces intense competition, AM Best says.
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- August 30 2021
Macau Insurance sees ‘positive’ 2020 results: AM Best
The non-life player's performance was driven by a better net loss ratio in its medical and motor business lines.
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- August 27 2021
Toa Re overseas arms improve top-line but impact profitability
The Japanese reinsurer's overseas subsidiaries accounted for more than 25% of the firm's total premiums.
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- August 24 2021
Korea P&I Club’s balance sheet improves but risks remain
Rating agency report says the association bounced back to profitability in 2020 after some "unprecedented" claims in 2019.
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- August 23 2021
China’s Ping An Health to see ‘robust’ growth: AM Best
The insurer's net profit increased by 47% to US$92m in 2020.
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- August 17 2021
Nat Re facing adverse business conditions: Phil Ratings
Rating agency says the firm still enjoys a "unique advantage" as it is entitled to 10% of all outward reinsurance from domestic insurers.
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- August 16 2021
Ping An P&C to maintain lead despite competition: Moody’s
The general insurer had a combined ratio of 99.1% in 2020 surpassing most of its domestic peers.
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- July 28 2021
ZYIC maintains credit rating despite Henan flooding
AM Best cautions that the full extent of claims in the province is still unknown.
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- July 26 2021
Central Re keeps positive underwriting result, eyes overseas expansion
The Taiwan-based reinsurer is set to continue expansion into Europe, the Middle East and South-East Asia.
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- July 19 2021
Malayan reliant on reinsurance to write large property risks: AM Best
The largest Philippine P&C player had GWP of US$280m in 2020.
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- July 12 2021
DB Insurance improves underwriting as motor losses decrease
South Korean P&C player saw premium hikes and fewer accidents during Covid lockdown.
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- July 8 2021
PVI Re ‘on track’ despite HDI ownership change
Vietnam reinsurer tells IAN its COR is around 90% after AM Best rating review.
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- July 1 2021
CMI sees growth in marine, property and liability lines
The P&C player's accident segment was the only line to record lower GWP last year.
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- June 25 2021
PICC Hong Kong to continue reinsurance dependence
AM Best report notes the insurer's inward reinsurance premium was around US$155m in 2020 -- an increase of 11.7% over the previous year.
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- June 22 2021
China Re’s Hong Kong unit ‘strategic’ to wider group
AM Best upgrade comes after a US$258m capital injection from China Re Life.
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- June 16 2021
Hyundai Marine & Fire underwriting improves on lower motor losses
Reduced auto claims due to a Covid-19 lockdown helped to boost performance.
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- June 16 2021
Bangkok Insurance sees US$720 million in direct premiums for 2020
AM Best report notes the insurer's moderate dependence on reinsurance to manage nat cat exposure.
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- June 2 2021
Hong Kong start-up FuSure Re eyes China health market
Another reinsurer backed by a mainland powerhouse has set up shop in the SAR.
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- May 31 2021
India’s non-life market to face continued headwinds
AM Best notes that motor, health and crop lines were some of the worst performing in FY 2021.
