SINGAPORE, Jan 29 (Bernama-BUSINESS WIRE) -- A.M. Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of ERGO Insurance Pte. Ltd. (ERGO Insurance) (Singapore).
The affirmation of these Credit Ratings (ratings) reflects ERGO Insurance’s balance sheet strength, which A.M. Best categorizes as strong, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk management. The revised outlooks recognize ERGO Insurance’s role in supporting its parent, ERGO Group AG, with its business development plans in Asia, as well as the explicit support ERGO Insurance receives from its ultimate parent company, Munich Reinsurance Company.
http://mrem.bernama.com/viewsm.php?idm=31047
No comments:
Post a Comment