Despite capital losses in 2022, global rating agency AM Best affirms ratings and maintains stable outlook for the government-designated surety underwriter for general contractors.
AM Best maintains China Taiping Insurance (Singapore)'s A (Excellent) rating, attributing the steady evaluation to favourable investment performance and ongoing financial backing from TPG Group, even though...
After its first loss in 2022, the Hong Kong-headquartered reinsurer bounced back to achieve record profit in H1 2023; though AM Best maintained a negative outlook —warning of potential contagion risk due...
The Indonesian insurer, which mainly underwrites risks for Samsung affiliates and other Korean ventures, boasts a strong operating performance and considerable support from majority owner, Samsung Fire...
S&P Global Ratings has revised its outlook from 'negative' to 'stable', citing tightening risk selection, investment-risk control and improved results, particularly in growth generated by TP Group's...
However, the P&C insurer may experience pressure on its loss ratio due to increased transportation activity following Covid-19 measures, despite diversifying its business and improving its combined...
Despite observations of potential risks, China Life Insurance's robust performance and substantial government support earn it a continued A+ rating from Fitch.
New Zealand's Accuro intends to transfer its insurance portfolio to UniMed, so the ratings will remain under review pending competition of the transaction; UniMed's ratings also remain unchanged.
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.
