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HSBC Insurance (Asia) Ltd. Nov 04 Product Image

HSBC Insurance (Asia) Ltd. Nov 04

  • Published: November 2004
  • Standard & Poors

FEATURED COMPANIES

  • Beneficial Company LLC
  • Hang Seng Life Ltd.
  • HSBC Bank Argentina S.A.
  • HSBC Bank Canada
  • HSBC Bank USA N.A.
  • HSBC Financial Corp. Ltd.
  • MORE

Abstract
The ratings on HSBC Insurance (Asia) Ltd. (HSBC Insurance) reflect implicit support from the company's immediate parent, HSBC Insurance (Asia-Pacific) Holdings Ltd., under the wealth management strategy of the wider HSBC group. The parent is considered to be a core subsidiary of Hongkong and Shanghai Banking Corp. (HSBC, foreign currency: A+/Stable/A-1; local currency: AA-/Stable/A-1+). The ratings also reflect HSBC Insurance's strong operating performance, its solid financial profile, and its prudent management strategy. However, industry-wide premium softening is likely to exert some pressure on the underwriting performance of the company's nonlife insurance operation over the near term. HSBC Insurance has a strong business profile. As a member of the HSBC group, it benefits from the outstanding profile of the HSBC brand...

Action: Review

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- HSBC Insurance (Asia) Ltd.
- Beneficial Company LLC
- Household Finance Corp.
- HSBC USA Inc.
- HSBC Bank PLC
- HSBC Bank USA N.A.
- HSBC France
- The Hongkong and Shanghai Banking Corp. Ltd.
- HSBC Financial Corp. Ltd.
- HFC Bank Ltd.
- HSBC Holdings Luxembourg S.A.
- HSBC Bank Canada
- HSBC Finance Corp.
- Household Global Funding Inc.
- HSBC Holdings PLC
- Beneficial Ltd.
- HSBC Bank Australia Ltd.
- HSBC Private Bank (Suisse) S.A.
- HSBC Bank Argentina S.A.
- Household International Netherlands B.V.
- Household International Capital
- Hang Seng Bank Limited
- HSBC Bank Nevada N.A.
- HSBC Precious Metals (Australia) Ltd.
- HSBC USA Capital Trust I
- Republic New York Capital I
- Republic New York Capital II
- Hang Seng Insurance Co. Ltd.
- HSBC USA Capital Trust II
- HSBC Life (UK) Ltd.
- Undershaft (Hamilton) Limited (Unsolicited Ratings)
- HSBC Bank Brasil S.A.
- HSBC Insurance (Singapore) Pte. Ltd.
- HSBC Life (International) Ltd.
- HSBC Medical Insurance Ltd.
- Household Capital Trust VI
- HSBC Private Banking Holdings (Suisse) S.A.
- HSBC Canada Asset Trust
- Household Capital Trust VII
- Hang Seng Life Ltd.

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