Fitch affirmed ABCI's ratings, but noted the Hong Kong-based insurer remains heavily dependent on reinsurance and parental backing, despite recent gains.
Aviation reinsurers face mounting pressure from recent losses and retrocession concerns, with signs pointing to a hardening market as year-end renewals approach.
The review follows parent company Sompo Holdings' US$3.5bn bid to acquire Aspen Insurance, with potential benefits for Sompo Japan's global footprint and specialty (re)insurance profile.
