Despite substantial losses, AM Best has reaffirmed Cathay Century Insurance's financial rating, citing is motor business as a key contributor to its underwriting result.
AM Best expected Beneficial to experience moderate underwriting growth, thanks primarily to the expansion of its central pet insurance line of business.
The country's sole domestic reinsurer also had its Financial Strength and Long-Term Issuer Credit ratings reaffirmed, amid a change in strategy to grow its business in life and other specialty segment...
Blue Cross Insurance, a subsidiary of AIA Group Limited, earns financial strength rating of 'A', thanks to strong balance sheet and operating performance.
