Research Update: Bangkok Insurance Public Co. Ltd. Ratings Affirmed At 'A-' After Insurance Criteria Change; Outlook Negative Jun 13
- Language: English
- Published: June 2013
The rating on Bangkok Insurance Public Co. Ltd. reflects the company's strong competitive position within Thailand's property and casualty insurance industry and Bangkok Insurance's good operating performance. The rating also reflects the company's adequate capitalization. Bangkok Insurance's aggressive investment profile tempers these strengths. We have placed the rating on Bangkok Insurance on CreditWatch with negative implications because we expect the company's operating performance to materially weaken following the recent flooding in Thailand. We believe the company's financial profile could be negatively affected if loss development from the flooding is much higher than we expected. Bangkok Insurance's third rank among property and casualty insurers in Thailand and company's 7.7% market share in terms of gross premiums written at the end of...
Companies mentioned in this report are: Bangkok Insurance Public Co. Ltd.
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Bangkok Insurance Public Co. Ltd.