Moody's stable outlook for China's P&C insurance sector reflects an industry where underwriting discipline is gaining ground, amid growing asset risk and accelerating market concentration.
The Hong Kong non-life insurer's A (Excellent) rating and stable outlook remain intact as strong capitalisation and rising investment returns offset a soft, competitive market.
AM Best cited Sompo Japan’s increased overseas revenue and profit share following the Aspen deal, while highlighting integration and risk management as key areas to watch.
The ratings agency has maintained a positive watch on ClearView following a strategic business simplification and the announcement of a planned A$415m acquisition by Zurich.
Subsidiary of property conglomerate had its ratings affirmed, with AM Best noting a shift in its investment portfolio towards cash and high-grade fixed income assets.
Underwriting performance at Hanoi Re recovered in FY 2025, driven by favourable loss reserve development, lower management expenses and higher premium rates.
Overseas premiums are projected to account for about 50% of non-life premiums and profits in FYE26, supported by its US$3.5bn acquisition of Aspen Insurance.
