The proposed changes relate to internal capital adequacy assessment and actuarial matters, but are technical clarifications and do not present a material change in policy.
Tk.cn's combined ratio improved considerably from 121% in 2021, however Fitch expects the Chinese insurer's capitalisation to decline this year as its insurance portfolio expands.
The acquisition includes Liberty Seguros operations in Ireland, Northern Ireland, Portugal and Spain, which have a focus on personal lines and small commercial insurance business