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Bangkok Insurance Public Co. Ltd. Dec 11
Standard & Poors, Dec 2011
Abstract
Strong competitive position in Thailand's property and casualty insurance industry Good operating performance Adequate capitalization Aggressive and concentrated investment profile Competitive operating environment in an over-serviced market 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...
Companies mentioned in this report are: Bangkok Insurance Public 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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