HONG KONG, June 1 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Bangkok Insurance Public Company Limited (BKI) (Thailand). The outlook of these Credit Ratings (ratings) is stable.
The
ratings reflect BKI’s sound risk-adjusted capitalization that is
supported by a conservative level of underwriting leverage, favorable
operating performance and solid market position in Thailand’s non-life
insurance market.
BKI generates its premiums via a diversified
distribution channel, including the distribution support from its
related company, Bangkok Bank, one of Thailand’s largest banks. BKI
continued to report favorable underwriting performance after the Thai
flood losses in 2011. Investment performance is supported mainly by a
stable stream of dividend income from equity investments. A.M. Best
expects that BKI will continue to focus on risk selection and a prudent
reinsurance arrangement to safeguard its underwriting profitability.
A.M. BEST AFFIRMS CREDIT RATINGS OF BANGKOK INSURANCE PUBLIC COMPANY LIMITED
No comments:
Post a Comment