|
|
 |
|
Viewing report
|
|
|
|
AXA General Insurance Hong Kong Ltd. Jul 03
Standard & Poors, July 2003
Abstract
The rating on AXA General Insurance Hong Kong Ltd. (AXA General Hong Kong) reflects the company's weak, albeit improving, underwriting performance and its below average capitalization. These factors are counterbalanced by the company's satisfactory market position. AXA General Hong Kong is a member of the French-based global insurance group, AXA. It is the sixth-largest insurer in the highly competitive Hong Kong general insurance market. The company's premium income fell by 8% to Hong Kong dollar (HK$) 717 million in 2002 from HK$778 million in 2001, while the Hong Kong general insurance market recorded a 19% growth in gross premiums. The fall in AXA General Hong Kong's premium income was largely a result of the run-off of the company's construction industry...
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
|
|
|
|
