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Asia Insurance Co. Ltd. Dec 11
Standard & Poors, Dec 2011
Abstract
Strong capitalization Strong liquidity Good operating performances Aggressive investment profile with high equity exposure Risky inward reinsurance business, with exposure to the floods in Thailand; its exposure to long-tail businesses is above the industry average The rating on Hong Kong-based Asia Insurance Co. Ltd. reflects the company's strong capitalization and liquidity, which support the insurer's risk profile, and its good operating performances. The company also has a good market position in Hong Kong's competitive general insurance market. Offsetting factors are Asia Insurance's relatively aggressive investment portfolio with high equity exposure. In addition, the company's exposure to long-tail businesses (or employees' compensation) is above the market average. At the same time, we consider Asia Insurance's inward reinsurance business to be risky...
Companies mentioned in this report are: Asia Insurance Co. Ltd.
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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