AM Best has affirmed the Taiwanese insurer’s ‘A-’ ratings, expecting overall capital and earnings strength to remain satisfactory for the next two years.
Allianz Singapore's ratings affirmed, with expectations of continued market growth despite the recent halt of the group's US$1.6bn acquisition of a stake in Income Insurance.
The captive has raised its net retention limit on non-marine business, but underwriting profitability remains steady due to low loss ratios within existing lines.
