Reinsurer's ratings affirmed as net profit surges, but managing volatility of expanding overseas business and non-voluntary cessions remains key, says Fitch.
Korean insurer's ratings affirmed, with future underwriting performance supported by CSM base, though its capital is more exposed to volatility than domestic peers.
Fitch affirms 'A-' IFS rating citing strong capitalisation and government, with Chinese insurer continuing to reduce exposure to guarantee insurance business.
Proposed reinsurance changes could have positive impact on carrier's credit profiles, but long-term impact likely to depend on factors which affect cedets' reinsurance appetite.
