The Bangkok-based non-life reinsurer earns an aa+.TH national scale rating, though AM Best flagged exposure to heightened credit and liquidity risks from holdings in a sanctioned country.
Low interest rates, currency swings and capital pressures continue to strain both markets, with global non-life insurers maintained at a 'neutral' outlook despite geopolitical risk.
With more than 80 marine war-risk policies issued since its May launch, India is advancing plans to build a domestic protection and indemnity (P&I) framework.
