KUALA LUMPUR, Nov 8 (Bernama) – A.M. Best, a global rating agency has affirmed the Taiwan-based Fubon Insurance Co. Ltd. (Fubon Insurance) with Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of ‘a+’.
The rating agency with unique focused on insurance industry said the outlook of these credit ratings is stable.
A.M. Best in a statement said the ratings reflect the company’s balance sheet strength, which categorised as very strong, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management.
Fubon Insurance continues to maintain a robust risk-adjusted capitalization, supported by prudent reserving practices, a comprehensive reinsurance program and gradual organic growth in retained earnings, despite high dividend payout ratios.
As a wholly owned subsidiary of Fubon Financial Holding Co. Ltd., the insurance company also benefits from cross-selling synergies with affiliated companies while forming a strategic part of the financial product suite.
More information at www.ambest.com
-- BERNAMA
No comments:
Post a Comment