HONG KONG, Aug 4 (Bernama-BUSINESS WIRE) -- A.M. Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to "a" from "a-" of Luen Fung Hang Insurance Company Limited (LFH) (Macau). The outlook of these Credit Ratings (ratings) is stable.
The rating upgrades reflect LFH's strong risk-adjusted capitalization, track record of favorable operating results and solid market presence in Macau's non-life insurance market through consistent distribution support from its bank shareholders.
The rating upgrades reflect LFH's strong risk-adjusted capitalization, track record of favorable operating results and solid market presence in Macau's non-life insurance market through consistent distribution support from its bank shareholders.
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