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Summary: Chartis Insurance Hong Kong Ltd. Feb 12
Standard & Poors, February 2012
The rating on Chartis Insurance Hong Kong Ltd. reflects the implicit support the company receives from the Chartis Group (we rate core operating companies in the Chartis Group A/Stable/--). We consider Chartis Insurance HK's business position in the Hong Kong non-life insurance market as strong, following the transfer of business from branches of Chartis entities to the company on Dec. 1, 2010. The ratings also reflect Chartis Insurance HK's diversified portfolio mix and conservative investment portfolio. The company's volatile operating performance and the competitive Hong Kong operating environment offset these strengths. We view Chartis Insurance HK as a core entity with strong integration and support from the Chartis group. The company is an indirect subsidiary of Chartis Inc. and is...
Companies mentioned in this report are: Chartis Insurance Hong Kong Ltd.
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Chartis Insurance Hong Kong Ltd.