SINGAPORE, April 4 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed
the financial strength rating of B (Good) and the issuer credit
rating of “bbb” of National Reinsurance Corporation of the Philippines
(PhilNaRe) (Philippines). The outlook for each rating remains negative.
The ratings reflect PhilNaRe’s strong risk-adjusted capitalization and its business profile in the Philippine reinsurance market.
PhilNaRe’s risk-adjusted capitalization, as evaluated by Best’s Capital Adequacy Ratio, is supported by its low underwriting leverage. PhilNaRe has low premium retention and cedes a significant portion of risk to a panel of highly rated retrocessionaires.
http://mrem.bernama.com/viewsm.php?idm=26531
The ratings reflect PhilNaRe’s strong risk-adjusted capitalization and its business profile in the Philippine reinsurance market.
PhilNaRe’s risk-adjusted capitalization, as evaluated by Best’s Capital Adequacy Ratio, is supported by its low underwriting leverage. PhilNaRe has low premium retention and cedes a significant portion of risk to a panel of highly rated retrocessionaires.
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