SINGAPORE, Feb 24 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb” (Good) of PVI Reinsurance Joint-Stock Corporation (PVI Re). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect PVI Re’s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management (ERM). The ratings also reflect rating enhancement from HDI Haftpflichtverband der Deutschen Industrie V.a.G. (HDI V.a.G.).