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AXA China Region Insurance Co. (Bermuda) Ltd. Nov 02
Standard & Poors, Nov 2002
Abstract
The ratings on AXA China Region Insurance Co. (Bermuda) Ltd. (ACRB) reflect the company's strong market position, good investment profile, and the financial support it receives from its parent. However, these factors are moderated by the company's reduced operating performance and investment market volatility. ACRB is the main subsidiary of Hong Kong-based AXA China Region Ltd., a wholly owned subsidiary of AXA Asia Pacific Holdings Ltd. and a member of the France-based AXA insurance group. ACRB has a very good market position and is the third-largest life insurance company in Hong Kong in terms of in-force individual life insurance business, with a market share of about 10%. In a market in which distribution capacity is critical, the company has a...
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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