A.M. Best Places Credit Ratings of Luen Fung Hang Insurance Company Limited Under Review With Negative Implications
These Credit Rating (rating) actions reflect the uncertainty surrounding LFH’s liquidity and the risk that the company will not be able to comply with regulations regarding technical reserves, which could require the company to pledge a material amount of assets by
LFH is the second-largest non-life insurer in
A final decision by the
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
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Source:
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