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.
Fitch Ratings affirms 'A+' rating for PICC Life Insurance, attributing it to the company's growth, solvency, and strong ownership ties with China's Ministry of Finance.
COSCO SHIPPING Captive Insurance has ratings affirmed, benefiting from strong support from its parent company and having registered net profits annually since inception.
Hotai has been upgraded to a stable and positive outlook, reflecting the company's successful mitigation efforts and supported by capital injection from parent firm Ho Tai Motor.
