Ministry to seek clarification on 'unsafe' stadium claims [ 14m ago ]

EXCLUSIVE PRESS News List

AM Best Affirms Credit Ratings of Macau Insurance Company Limited

HONG KONG, Sept 3 (Bernama) -- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Macau Insurance Company Limited (MIC) (Macau). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect MIC’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

AM Best Withdraws Credit Ratings of AIA New Zealand Limited

SINGAPORE, Sept 3 (Bernama) -- AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” of AIA New Zealand Limited (AIA New Zealand) (New Zealand), formerly known as Sovereign Assurance Company Limited. The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive rating process.

The ratings reflect AIA New Zealand’s balance sheet strength, which AM Best categorizes as very strong, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management. In addition, AIA New Zealand benefits from rating enhancement from its ultimate parent; AIA Group Limited (AIA or the AIA group).

AM Best Affirms Credit Ratings Of The Toa Reinsurance Company, Limited And Its Subsidiaries

HONG KONG, Sept 3 (Bernama) -- AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” of The Toa Reinsurance Company, Limited (Toa Re) (Japan) and its subsidiaries, The Toa Reinsurance Company of America (TRA) (headquartered in Morristown, NJ) and The Toa 21st Century Reinsurance Company, Ltd. (TRE) (Switzerland). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect Toa Re’s balance sheet strength, which AM Best categorizes as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.