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American International Assurance Co. (Bermuda) Ltd. Dec 11
Standard & Poors, Dec 2011
Abstract
Very strong competitive positions in some Asian markets Robust capitalization and high quality earnings Prudent and diverse investment profile given regulatory restriction in some markets Very strong financial flexibility Industry and investment risks associated with markets in which the company operates Enterprise risk management is less developed than international peers, but is still adequate The rating on American International Assurance Co. (Bermuda) Ltd. (AIAB) reflects our view of the insurer's core status to American International Assurance Co. Ltd. (AIA: Local currency AA-/Stable/--; cnAAA/--) and AIA Group Ltd (not rated). AIAB has a very strong competitive position in some insurance markets in Asia, particularly in Hong Kong. The insurer's robust financial profile, very strong financial flexibility as a listed entity, and...
Companies mentioned in this report are: American International Assurance Co. (Bermuda) Ltd.,American International Assurance 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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