HONG KONG, June 13 (Bernama-BUSINESS WIRE)-- A.M. Best has affirmed
the financial strength of A- (Excellent) and the issuer credit rating of
“a-” of The People’s Insurance Company of China (Hong Kong), Limited
(PICC HK) (Hong Kong). The outlook for each rating is stable.
The ratings reflect the company’s favorable risk-adjusted capitalization and the implicit and explicit support that it receives from its parent - The People’s Insurance Company (Group) of China Limited (PICC Group) - for business and capital support. The company is 75% owned by PICC Group and 25% owned by Asia Insurance (Investment) Ltd.
http://mrem.bernama.com/viewsm.php?idm=26978
The ratings reflect the company’s favorable risk-adjusted capitalization and the implicit and explicit support that it receives from its parent - The People’s Insurance Company (Group) of China Limited (PICC Group) - for business and capital support. The company is 75% owned by PICC Group and 25% owned by Asia Insurance (Investment) Ltd.
No comments:
Post a Comment