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AXA China Region Insurance Co. (Bermuda) Ltd. Jun 01
Standard & Poors, June 2001
Abstract
The insurer financial strength rating on AXA China Region Insurance Co. (Bermuda) Ltd. reflects the company's strong position in the Hong Kong life insurance market, an extensive agency distribution force, strong operating performance, and appropriate financial structure. These strengths are offset by fierce competition for distribution capacity and new business in Hong Kong's life insurance market. AXA China Region Insurance Co. (Bermuda) Ltd. is the primary subsidiary of Hong Kong-based AXA China Region, and a member of the AXA insurance group. The insurer is the second-largest life insurance company in Hong Kong, when measured by in-force life insurance. In a market where distribution capacity is critical, the company reported a sizable distribution force of more than 3,000 agents at year-end...
Companies mentioned in this report are: AXA China Region Insurance Co. (Bermuda) Ltd.,AllianceBernstein L.P.,AXA,AXA Versicherung AG,AXA Assurances IARD Mutuelle (Unsolicited Ratings),AXA Aurora Iberica SA (Unsolicited Ratings),AXA Assurances Inc. (Unsolicited Ratings),AXA Krankenversicherung AG,AXA Compagnie d'Assurances,AXA Assicurazioni SpA (Unsolicited Ratings)
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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