Accident and health, Hong Kong's largest non-life segment, posted its first underwriting profit in five years, though medical inflation remains a key headwind.
The insurer is pursuing lower-cost online motor distribution and measured international expansion to diversify earnings and support long-term growth, AM Best noted.
Higher motor claims and reserve strengthening weakened underwriting performance in 2025, but strong investment returns and capital buffers are expected to support the insurer's credit profile.
The syndicate expects to start underwriting on 1 January 2027 and provide multi-year reinsurance capacity across eligible treaties arranged by the broker.
