{"id":213855,"date":"2023-03-10T11:03:32","date_gmt":"2023-03-10T03:03:32","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=213855"},"modified":"2023-03-10T11:03:32","modified_gmt":"2023-03-10T03:03:32","slug":"am-best-removes-from-under-review-with-positive-implications-upgrades-issuer-credit-rating-of-blue-cross-asia-pacific-insurance-limited","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=213855","title":{"rendered":"AM Best Removes From Under Review With Positive Implications, Upgrades Issuer Credit Rating Of Blue Cross (Asia-Pacific) Insurance Limited"},"content":{"rendered":"\n<p><strong>HONG KONG, March 10 (Bernama-BUSINESS WIRE) &#8212;&nbsp;<\/strong><strong>AM Best&nbsp;<\/strong>has removed from under review with positive implications and upgraded the Long-Term Issuer Credit Rating to \u201ca+\u201d (Excellent) from \u201ca\u201d (Excellent) and affirmed the Financial Strength Rating of A (Excellent) of Blue Cross (Asia-Pacific) Insurance Limited (Blue Cross) (Hong Kong). The outlook assigned to these Credit Ratings (ratings) is stable.<\/p>\n\n\n\n<p>The ratings of Blue Cross were placed under review with positive implications in August 2022, following the announcement that the incumbent immediate parent, AIA Holdings (Hong Kong) Limited, a wholly owned subsidiary of AIA Group Limited (AIA), had completed the transaction to acquire 100% of shares in Blue Cross from The Bank of East Asia, Limited (BEA). AIA is a leading pan-Asian life insurance company headquartered in Hong Kong that operates in 18 markets across the Asia-Pacific region and offers a wide range of insurance products and services.<\/p>\n\n\n\n<p><a href=\"http:\/\/mrem.bernama.com\/viewsm.php?idm=45618\">http:\/\/mrem.bernama.com\/viewsm.php?idm=45618<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HONG KONG, March 10 (Bernama-BUSINESS WIRE) &#8212;&nbsp;AM Best&nbsp;has removed from under review with positive implications and upgraded the Long-Term Issuer Credit Rating to \u201ca+\u201d (Excellent) from \u201ca\u201d (Excellent) and affirmed the Financial Strength Rating of A (Excellent) of Blue Cross (Asia-Pacific) Insurance Limited (Blue Cross) (Hong Kong). The outlook assigned to these Credit Ratings (ratings) [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[315],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/213855"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=213855"}],"version-history":[{"count":1,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/213855\/revisions"}],"predecessor-version":[{"id":213856,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/213855\/revisions\/213856"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=213855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=213855"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=213855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}