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.
PICL to sustain a strong capital level amidst growth: AM Best
PICL to sustain a strong capital level amidst growth: AM Best
However, long-duration policies in PICL's portfolio pose reserving risks.
Japan’s insurance sector sees stability amidst premium boom
Premium income has increased over the past two years.
AM Best affirms Meritz's outlook as stable
Its balance sheet strength is bolstered by its solid financial flexibility.
Petrolimex Insurance profits from low-loss property and marine lines
PJICO follows a conservative investment strategy, with most investments held in deposits.
CTBC Insurance maintains strong capital adequacy
Its pandemic-hit capital position has now returned to pre-COVID levels.
NongHyup P&C Insurance benefits from NACF’s support
Its capital and surplus saw significant growth in 2023 due to IFRS 17 adoption.
Delegated underwriting authority enterprises benefit from excess and surplus
Investments in technology and talent have further fueled the segment’s expansion.
China Re's profitability consistent over five years: AM Best
Under IFRS 17 and IFRS 9, consolidated capital and surplus rose by 4.8% to $14.4b.
Global reinsurance poised for growth amidst high interest rates
Higher attachment points in property reinsurance have limited loss frequency.
Labuan Reinsurance solvency remains robust
The company’s underwriting performance has shown consistent gains in 2023.
South Korean insurers brace for profit squeeze amidst rate cuts
Direct premiums from long-term products contributed to a 3.7% increase in 2023.
Reinsurance costs challenge New Zealand insurance earnings
2024 experienced fewer significant weather events, alleviating claims expenses.
Global Reinsurers’ ROE surpasses cost of equity in 2023
ROE of reinsurers reached 22% last year.
BOCG Insurance's liquidity sufficient for liabilities: AM Best
The company’s 2023 capital and surplus was driven by underwriting and investment income.
China Taiping Insurance sees robust capitalisation with TPG financial support
It is anticipated that CTPIS will build its life insurance segment over the medium term.
Construction Guarantee faces profit pressure amidst prolonged construction downturn
A notable rise in guarantee claims payments and reserves is expected to keep claims levels elevated.
Quest Insurance to maintain strong capitalisation
However, future loss ratios are expected to rise.
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