Best’s Market Segment Report: AM Best Maintains Stable Outlook on China’s Non-Life Insurance Segment
: AM Best has maintained its stable outlook on China’s non-life insurance segment, citing several factors that include a supportive regulatory environment, increased health insurance awareness and strong growth potential in the...
Date: September 18, 2024
|
Best’s Market Segment Report: AM Best Revises Outlook on Taiwan’s Non-Life Insurance Segment to Stable
: AM Best has revised its outlook on Taiwan’s non-life insurance segment to stable from negative, citing a recovery of capital strength among carriers in 2023 following sizeable pandemic-related losses in the previous year.
A...
Date: September 17, 2024
|
Best’s Commentary: Reinsurers Likely to Absorb Majority of Typhoon Yagi Losses in Vietnam
: AM Best expects the bulk of losses resulting from Typhoon Yagi on Vietnam insurance companies to be borne by domestic and international reinsurers, according to a new commentary. Consequently, reinsurers’ appetite for regiona...
Date: September 12, 2024
|
AM Best Affirms Credit Ratings of China BOCOM Insurance Company Limited
: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of China BOCOM Insurance Company Limited (CBIC) (Hong Kong). The outlook of these Credit Ratings ...
Date: September 12, 2024
|
AM Best Upgrades Issuer Credit Rating of Hotai Insurance Co., Ltd.
: AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “bbb” (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Hotai Insurance Co., Ltd. (Hotai Insurance) (Taiwan)...
Date: September 12, 2024
|
AM Best Affirms Credit Ratings of COSCO SHIPPING Captive Insurance Co., Ltd.
: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of COSCO SHIPPING Captive Insurance Co., Ltd. (COSCO SHIPPING Captive) (China). The outlook of thes...
Date: September 12, 2024
|
AM Best Upgrades Issuer Credit Rating of DPL Insurance Limited
: AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “bbb” (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) of DPL Insurance Limited (DPL) (New Zealand). In additi...
Date: September 11, 2024
|
AM Best Affirms Performance Assessment of Delta International Limited’s Affiliates
: AM Best has affirmed the Performance Assessment (assessment) of PA-2 (Excellent) of Delta Insurance New Zealand Limited (New Zealand) and Delta Underwriting Private Limited (Singapore). The companies are assessed on a consoli...
Date: September 10, 2024
|
AM Best Assigns Credit Ratings to Allianz Ayudhya General Insurance Public Company Limited
: AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Allianz Ayudhya General Insurance Public Company Limited (AAGI) (Thailand). The outlook assigned t...
Date: September 9, 2024
|
Best’s Review® Releases Digital Supplement on Delegated Underwriting Authority Enterprises
: Best's Review magazine has released a new digital supplement that provides comprehensive coverage of the delegated underwriting authority enterprise (DUAE) sector. Read now.
The supplement features stories on:
The ...
Date: September 9, 2024
|
AM Best Revises Outlooks to Positive for Ping An Health Insurance Company of China, Ltd.
: AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Ping An Health Insurance Company of China, Lt...
Date: September 6, 2024
|
AM Best Affirms Credit Ratings of DB Insurance Co., Ltd.
: AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of DB Insurance Co., Ltd. (DBI) (South Korea). The outlook of these Credit Ratings (ratings) is st...
Date: September 6, 2024
|
AM Best Affirms Credit Ratings of Tokio Marine & Nichido Fire Insurance Co., Ltd. and Its Subsidiaries
: AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa+” (Superior) of Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) (Japan) and its...
Date: September 6, 2024
|
Best’s Market Segment Report: Asia-Pacific Reinsurers Achieve Strong Results in Improved Investment Environment
: Major Asia-Pacific reinsurance companies saw their composite’s return on equity surge to 9.2% from 0.1% under IFRS 17, supported by a more stable investment environment and benign catastrophe activity, according to a new AM B...
Date: September 6, 2024
|
AM Best Affirms Credit Ratings of Co-operative Life Limited
: AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Co-operative Life Limited (Co-op Life) (New Zealand). The outlook of these Credit Ratings (ratings) i...
Date: September 5, 2024
|
AM Best Affirms Credit Ratings of Cathay Century Insurance Company Limited
: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Cathay Century Insurance Company Limited (Cathay Century) (Taiwan). The outlook of these Credit ...
Date: September 5, 2024
|
AM Best Publishes Annual Review of Global Reinsurance Industry; Analysis Highlights Companies’ Favorable Results, Financial Reporting Shifts
: As reinsurance industry leaders prepare to gather in Monte Carlo for the annual Rendez-Vous de Septembre, AM Best’s latest research on the global industry highlights the segment’s strong technical results amid an ongoing shif...
Date: September 4, 2024
|
AM Best to Participate in EY CEO Panels at Rendez-Vous de Septembre
: AM Best will participate in the EY CEO panels being held as part of the upcoming Rendez-Vous de Septembre conference, joining a discussion that will take place on Monday, Sept. 9, 2024.
Matthew Mosher, president and CEO of...
Date: September 3, 2024
|
Best's Market Segment Report: Europe’s Big Four Reinsurers Continue to Benefit From Hard Market Conditions
: Europe’s four largest reinsurers reported strong results in 2023 and the first half of 2024 for their non-life reinsurance segments, benefitting from continued strong pricing and terms, according to a new AM Best report.
The...
Date: September 3, 2024
|
AM Best to Participate in Panel Discussion at East Asian Insurance Congress 2024
: AM Best will participate in a customer centric panel discussion at the 30th East Asian Insurance Congress’ (EAIC) Hong Kong Conference, which will take place 24-27 September 2024 at the Hong Kong Convention and Exhibition Cen...
Date: September 3, 2024
|