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AM Best Affirms Credit Ratings of China Taiping Insurance (HK) Company Limited

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating ofโ€œ aโ€ of China Taiping Insurance Company Limited. The outlook of these Credit Ratings is stable. Its capital and surplus dropped by 3.8% to HKD 5 billion in 2020 mainly driven by asset impairment losses.
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AM Best Affirms Credit Ratings of Fubon Insurance Vietnam Co., Ltd.

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating ofโ€œ bbb+โ€ of Fubon Insurance Vietnam Co., Ltd.. The ratings also factor in rating enhancement from its parent company, Fubon Insurance Co., Ltd.. In addition, the company is viewed to have good financial flexibility supported by its parent, Fubon Insurance.
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