AM Best
AM Best is an American credit rating agency headquartered in Oldwick, New Jersey, that focuses on the insurance industry. It asseses the creditworthiness of and/or reports on over 16,000 insurance companies worldwide.
See below for the Latest AM Best News, Analysis, Profit Results, Share Price Information, and Commentary.
Life/annuity reinsurers see improved conditions amidst higher rates
L/A reinsurers remain well-capitalised until 2025.
Life/annuity reinsurers see improved conditions amidst higher rates
L/A reinsurers remain well-capitalised until 2025.
Tough reinsurance market compounded by IFRS 17
Although this shouldn’t affect a company’s financial strength, says AM Best.
Korea P&I Club's conservative investments support stability
KP&I has implemented general premium increases.
Reinsurers capital seen to reach $625 by end of year
Thanks to higher retained earnings and lower investment losses.
Foundation Life (NZ) focuses on restructuring life insurance portfolio
If the proposed scheme is completed, the company is seen to cease insurance activities.
Reinsurers meet cost of capital for first time in four years
The industry's weighted average cost of capital rose to 8.12% in 2023.
KB Indonesia to meet new capital requirements, capital growth expected
Its five-year ROE ratio was 5.1%.
Aflac strengthens solvency with strong Japan ratio
Particularly, its medical and cancer insurance business profile remains strong.
Hanwha General should bolster its digital non-life subsidiary
HGI reported a consolidated ROE of 6.5% in 2023.
Emerging markets in Asia propel health reinsurance growth
In smaller SEA markets, reinsurers continue to support the growth of health insurance.
De-risking drives reinsurance market stability
Current claims activity is increasingly influenced by medium-sized events.
Malayan adjusts portfolio to lower investment risks
The insurer is seen to have a five-year average ROE ratio of 3.8%.
Central Re’s finances bolstered by prudent investments and retrocession
AM Best sees Central Re to continue focusing on low-risk, fixed-income investments.
China P&I's investment in CMBC dominates asset portfolio
The past five years saw an average return on equity of 5.3%.
Hyundai Insurance China faces capital challenges amidst expansion
HIC is diversifying into personal lines, focusing on ride-hailing drivers and motor insurance.
Vietnam’s non-life sector attracts robust foreign direct investment
Recent regulations supported the industry’s stable outlook.
PICC Group's sole overseas entity enhances PICC HK
Last year PICC HK returned to profitability.
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