Thursday 12 November 2015

A.M. BEST AFFIRMS RATINGS OF MERITZ FIRE & MARINE INSURANCE CO., LTD.

HONG KONG, Nov 12 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Meritz Fire & Marine Insurance Co., Ltd. (Meritz) (South Korea). The outlook for both ratings is stable.

The ratings reflect Meritz’s adequate risk-adjusted capitalization and stable operating performance.

The company’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), remains stable and sound to support the current ratings. The company has reported positive operating results over the past five years in large part due to its focus on profitable long-term, protection-type products.


http://mrem.bernama.com/viewsm.php?idm=25691

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