HONG KONG, Aug 1 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the
financial strength rating of A (Excellent) and the issuer credit rating of “a”
of Central Reinsurance
Corporation (Central Re) (Taiwan). The outlook for each
rating remains stable.
The rating affirmations reflect Central Re’s strong risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), stable and positive underwriting results (after compulsory auto liability insurance (CALI) reserve release) in recent years and its competitive advantage being the sole domestic commercial reinsurer in Taiwan’s reinsurance market.
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