|
|
 |
|
Viewing report
|
|
|
|
AXA General Insurance Hong Kong Ltd. Jul 02
Standard & Poors, July 2002
Abstract
The rating on AXA General Insurance Hong Kong Ltd. (AXA General Hong Kong) reflects the company's continued unfavorable operating performance and its reduced capitalization. These factors are offset by the company's good market position. AXA General Hong Kong's integration with AXA Insurance Hong Kong Ltd. in 2000 increased the company's market share in 2001 to 4% in terms of total premiums, ranking it the fourth-largest insurer in the highly competitive Hong Kong general insurance market. The company's ultimate holding company is the France-based AXA. AXA General Hong Kong has a broad business base both in terms of product lines and business sources. Although AXA General Hong Kong's underwriting results improved in 2000 in comparison with 1999, they deteriorated again in...
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
|
|
|
|
