CBIC's financial strength and credit ratings were maintained as 'Excellent', with the business maintaining a strong balance sheet and an average CR beneath 90% for the last five years.
Investments led to wider operating deficit, but Fitch maintained rating due to reduction in underwriting deficit, strong capital, and continued support from its parent company.
Japan P&I retains its 'BBB' financial strength and long-term issuer credit ratings from S&P Global Ratings, however potential losses from last week's Fremantle Highway vessel were not mentioned...
Fitch predicted combined ratio to increase throughout the year, but downgraded the insurer's outlook due to uncertainty around capital infusion, the potential impact of high premium growth. and rising...
AM Best has reaffirmed the strong credit ratings of Aflac Incorporated and its subsidiaries, citing their strong enterprise risk management, operating performance, and business profile.
Fitch acknowledge the Qingdao-based insurer's strong risk-based capitalisation, but highlighted its short profit record and need for better reinsurance arrangements.
Nat Re's investment income declined in 2022, but the national reinsurer has strong connections with local cedants and the ability to tap into mandatory cessions.
