A.M. Best Affirms Credit Ratings of Bangkok Insurance Public Company Limited
The ratings reflect BKI’s balance sheet strength, which
BKI’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), is supported by its low net and gross underwriting leverage, which compares favorably with its peers.
BKI has a track record of generating underwriting margins that are better than the market average. The company has maintained good operating performance despite intense competition and low premium growth.
An offsetting rating factor is BKI’s significant investment concentration in a small number of listed equities, which comprised more than half of its invested portfolio and represented approximately 85% of BKI’s capital and surplus as of
materially by adverse equity market conditions in general or by company specific factors.
BKI is well-positioned at its current rating level. Negative rating pressure could result from material deterioration in its operating performance or risk-adjusted capitalization.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180524005999/en/
Financial Analyst
[email protected]
or
Chi-Yeung Lok, +65 6303 5016
Director, Analytics
[email protected]
or
Manager, Public Relations
[email protected]
or
Director, Public Relations
[email protected]
Source:
A.M. Best Affirms Credit Ratings of The Toa Reinsurance Company, Limited and The Toa Reinsurance Company of America
Shannon Wiseman Joins G2 Insurance Services as Assistant Vice President and Producer
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News