Subject: Ratings Page 22 / 24
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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.
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- May 12 2021
Prudential Financial’s Japan unit blunted Covid-19 impact: Fitch
After several sales of Asian assets in the last 18 months, Japan is set to grow in importance.
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- May 11 2021
Allianz’s GI China JV underwriting performance to feel pressure: Fitch
Expansion into health market is key reason cited by the rating agency, but outlook remains stable.
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- April 29 2021
Mitsui Sumitomo outlook revised to stable: Fitch
P&C giant's combined ratio improves to 93% based on better pricing and lower claim costs.
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- March 3 2021
Cramér Manhem to oversee SiriusPoint’s Asia operation
The executive will oversee the specialty (re)insurer's regional operations after the Third Point Re/Sirius deal closed recently.
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- March 1 2021
Asia insurers’ ESG efforts won’t impact profitability, ratings: Fitch
Regulators have only just started to see sustainability as a priority, a senior analyst at the agency tells IAN.
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- February 5 2021
Ratings round-up: Malaysian Re retains ‘strong’ IFS rating
Indonesian reinsurance player Tugure also keeps 'A+' rating from Fitch.
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- January 13 2021
Ratings round-up: Fidelidade Macau gets first A3 IFSR
AM Best affirms A- rating of Hong Leong Insurance and lauds firm's "prudent" reinsurance plan.
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- November 30 2020
Japan’s P&C majors to bounce back in 2021: Fitch
Tokio Marine, MS&AD and Sompo more exposed to Covid-19 risk in overseas markets.
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- September 21 2020
Lloyd’s to “absorb” Covid losses, see price increases: Fitch
Ratings agency removes market from negative watch, despite a large Covid-19 bill.
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- August 4 2020
United India withdraws AM Best rating, secures US$144m
P&C player's underwriting losses are concerning, as India's government turns to IPO of life giant LIC.
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- July 21 2020
AM Best downgrades New India
The ratings agency also noted a worsening outlook for India's P&C players.
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- May 12 2020
Major Asia players suffer outlook downgrades
Ratings agencies are reassessing as insurers see shrinking asset values and weakening sales.
