HONG KONG--(BUSINESS WIRE)--
A.M. Best Co.has placed under review with negative implications
the financial strength rating of A- (Excellent) and issuer credit rating
of “a-”of Taiping Reinsurance Company Limited (TPRe) (Hong Kong).
The ratings of TPRe were placed under review to reflect the uncertainty
regarding the ultimate financial impact on the company as a result of
its claims exposure to the 2011 Thailand flooding.
During the under review period, A.M. Best will continue to hold
discussion with TPRe’s management in order to resolve its negative
implications status.
The methodology used in determining these ratings is Best’s Credit
Rating Methodology, which provides a
comprehensive explanation of A.M. Best’s rating process and contains the
different rating criteria employed in the rating process. Best’s Credit
Rating Methodology can be found at www.ambest.com/ratings/methodology.
Founded in 1899, A.M. Best Company is the world's oldest and most
authoritative insurance rating and information source. For more
information, visit www.ambest.com.
Copyright © 2012 by A.M. Best Company, Inc.ALL RIGHTS
RESERVED.
A.M. Best Co.
Vivian Cheung
Financial Analyst
+852-2827-3411
vivian.cheung@ambest.com
or
Michael
Wong
Senior Financial Analyst
+852-2827-3418
michael.wong@ambest.com
or
Rachelle
Morrow
Senior Manager, Public Relations
+(1)
908-439-2200, ext. 5378
rachelle.morrow@ambest.com
or
Jim
Peavy
Assistant Vice President, Public Relations
+(1)
908-439-2200, ext. 5644
james.peavy@ambest.com
Source: A.M. Best Co.
| Copyright: | Copyright Business Wire 2012 |
| Wordcount: | 191 |
