HONG KONG, March 29 (Bernama-BUSINESS WIRE) –AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of LIG Insurance (China) Co Ltd (LIG China) (China). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect LIG China’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. The ratings also reflect the wide range of support the company receives from its parent, KB Insurance Co., Ltd. (KB Insurance) in areas including business development, reinsurance and investment.
