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HONG KONG, September 21, 2023--AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa+" (Superior) of Samsung Fire & Marine Insurance Co., Ltd. (SFM) (South Korea) and its subsidiaries, Samsung Fire & Marine Insurance Company of Europe Limited (United Kingdom), Samsung Vina Insurance Co., Ltd. (Vietnam), and Samsung Reinsurance Pte. Ltd. (Singapore). In addition, AM Best has affirmed the FSR of A- (Excellent) and

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Motors Insurance Company Limited (MICL) (United Kingdom). The outlook

Delegated underwriting authority enterprises (DUAEs) are playing an increasingly significant role in insurance markets across Europe. However, in the face of hard market conditions, they are under more

AM Best has affirmed the Performance Assessment (assessment) of PA-2 (Excellent) of Castel Underwriting Agencies Limited (Castel) (United Kingdom) and its subsidiary, Castel Underwriting Europe B.V.

AM Best has removed from under review with negative implications and downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to "bb" (Fair) from "bb+" (Fair) and affirmed the Financial Strength