Subject: Ratings Page 6 / 24
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- August 2 2024
China United Property Insurance removed from negative rating watch, downgraded: Fitch
The rating action is due to potential reduction in support from parent China Orient Asset Management and the insurer's weakening capital strength, the rating agency said.
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- July 26 2024
Sompo China to sustain profitable underwriting: S&P Global
The rating agency has affirmed the carrier's 'A' long-term local currency financial strength rating and issuer credit rating with a stable outlook.
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- July 26 2024
China Re’s COR to improve in next two years on portfolio overhaul: S&P Global
The state-owned reinsurer's combined ratio will likely lower to 99% from the five-year average of 102.1%. The rating agency has also affirmed its "A" rating and "stable" outlook.
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- July 26 2024
MSIG China’s subdued liability book weighs on underwriting performance: S&P Global
The rating agency affirmed its 'A' rating with a stable outlook, reflecting the outlook on the core operating entities of MS&AD.
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- July 23 2024
Korean insurers brace for more investment return volatility: Fitch
The carriers have sufficient capitalisation and their stable underwriting performance will likely support their overall profitability and offset the choppier returns caused by the IFRS 9 accounting change.
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- July 22 2024
Indonesian reinsurer Maipark’s profitability to sustain despite nat cat risk: Fitch
Fitch Ratings has upgraded its outlook on the Indonesian reinsurer to "positive" from "stable" while affirming its "A" rating.
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- July 19 2024
China Huanong P&C downgraded for poor capital raising ability
The global rating agency has downgraded the carrier's rating to 'BBB-' from 'BBB' with a negative outlook due to investment losses.
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- July 19 2024
Hyundai Marine & Fire Insurance’s long-term line results to improve: AM Best
The rating agency has affirmed the carrier's financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) with a stable outlook.
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- July 16 2024
Bangkok Insurance COR projected at 85%-90% over the next two years: S&P Global
The rating agency has affirmed the carrier's 'A-' local currency long-term issuer credit and financial strength rating to the insurer, with a stable outlook, and expects its capital adequacy to remain above its 99.95% confidence level over the next two years.
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- June 24 2024
Income Insurance on S&P CreditWatch negative on potential government support dilution
The CreditWatch followed news that the Singapore government-backed insurer is in talks with Allianz for a stake sale.
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- June 21 2024
Ansvar’s reinsurance program limits downside risks from PSA, weather claims : AM Best
AM Best has affirmed insurer rating of A- (excellent) with a stable outlook.
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- June 14 2024
Asian Re’s underwriting performance set to improve, 2023 COR down at 101.6% : AM Best
The rating agency affirmed the regional non-life reinsurer's "B+" (good) financial strength rating with a positive outlook.
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- June 13 2024
KFINCO vulnerable to cyclical construction sector, economy: Fitch
The ratings agency affirmed Korea Finance for Construction Insurance's financial strength rating at 'A' (strong), with a stable outlook.
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- June 11 2024
Mitsui Sumitomo, Aioi Nissay Dowa to improve underwriting profitability: AM Best
The rating agency has affirmed an A+ (superior) to Mitsui Sumitomo, its US-based operating companies and to Aioi Nissay Dowa Insurance and A- (excellent) to Aioi Nissay Dowa Insurance (China) Company.
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- June 10 2024
Bolttech Hong Kong sees service results improve on lower expenses, reserve release: Fitch
The rating agency affirmed the Hong Kong general insurer's BBB+ (good) rating with a stable outlook.
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- June 3 2024
Vietnam National Reinsurance’s underwriting results to stay favourable: AM Best
The ratings agency has affirmed VinaRe's financial strength rating of "B++" (good) with a stable outlook.
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- May 16 2024
Guoren P&C’s underwriting profitability under test: Fitch
The Rating agency has downgraded the insurer's rating outlook to "negative" from "stable", while affirming its rating at "BBB".
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- April 26 2024
BRI Insurance’s underwriting profitability supports ‘stable’ outlook: Fitch
The rating agency assigned the Indonesian carrier a national insurer financial strength rating of AA to BRI Insurance on low claim ratio and 55% COR in 2023.
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- April 26 2024
Shinkong Insurance’s rating outlook revised to ‘positive’: AM Best
The Taiwanese insurer's long-term issuer credit rating benefitted from prudent underwriting strategy, favourable claims experience and disciplined expense management.
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- April 25 2024
MSIG Singapore could post modest premium growth in 2024: S&P Global
S&P Global Ratings affirmed MSIG Singapore's "A+" local-currency financial strength rating with a stable outlook.
