VICTORIA, Seychelles, July 22 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), today announced a collaboration with Siebly.io, a provider of professional-grade API SDKs for algorithmic traders and developers, to simplify integration with Bitget’s V3 Unified Trading Account and V2 Classic APIs. The collaboration gives developers access to the Bitget SDK by Siebly, enabling faster, more reliable connectivity across Bitget’s spot, futures, copy trading, and real-time market data infrastructure.
Developers and algorithmic traders increasingly rely on stable API tooling to build, test, and deploy trading systems. However, fragmented API environments, inconsistent client libraries, and complex migration paths can slow down development and introduce operational risk. By working with Siebly, Bitget is helping developers reduce integration complexity while supporting both its new Unified Trading Account architecture and existing V2 Classic workflows.
Siebly.io provides ready-made developer tools that help trading teams connect to crypto exchanges without building every API connection from scratch. For developers and algorithmic traders, especially those built with JavaScript and TypeScript, they can connect to Bitget faster, reduce technical errors, and spend more time building trading strategies, bots, and market data tools instead of managing complex API integrations.
“UEX is about delivering a better trading experience for users and developers worldwide independent of the assets they trade,” said Gracy Chen, CEO of Bitget. “Collaborating with Siebly makes it easier to build reliable tools across Bitget’s unified account architecture, helping traders spend less time on integration and more time building strategies on Bitget.”
Siebly’s SDKs provide comprehensive coverage across Bitget’s ecosystem, including spot trading, futures trading, copy trading, public market data streams, and private account management. For latency-sensitive strategies, the SDK also supports WebSocket API functionality, allowing developers to execute REST-like request-response patterns over a persistent connection and reduce request overhead without the added complexity of managing WebSockets manually.
The SDK also includes built-in support for HMAC, RSA, and Ed25519 authentication, helping developers securely interact with Bitget’s infrastructure while maintaining flexibility across different authentication standards. With consistent development patterns across supported exchanges, Siebly’s tooling is designed to help developers move between platforms with less friction and shorter implementation cycles.
“Developers building automated trading systems need SDKs that are consistent, secure, and tested in production environments,” said Tiago Siebler, Lead Developer at Siebly.io. “By collaborating with Bitget, we are making it easier for developers to integrate with one of the industry’s leading trading ecosystems.”
Bitget’s UEX framework is strengthened with this collaboration by improving the infrastructure layer that connects developers, trading systems, and Bitget’s unified account environment. By making API access more efficient across spot, futures, copy trading, and real-time data, Bitget continues to expand the tools available to retail and professional developers building the next generation of crypto trading applications.
About Bitget
Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 500+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships such as MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | X | Telegram | LinkedIn | Discord
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/612e9d67-4e31-4a79-9a13-339ba2b3ee79
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Wednesday, July 22, 2026
AM BEST ASSIGNS STABLE OUTLOOK TO PHILIPPINES' MAAGAP
KUALA LUMPUR, July 22 (Bernama) -- Global credit rating agency, AM Best has assigned a financial strength rating of B+ (Good), a long-term issuer credit rating of “bbb-” (Good) and a Philippines National Scale Rating of aa.PH (Superior) to MAAGAP Insurance Inc (MAAGAP).
AM Best in a statement said the outlook assigned to these credit ratings (ratings) carries a stable outlook, reflecting MAAGAP's strong balance sheet strength assessment, adequate operating performance, limited business profile and appropriate enterprise risk management.
MAAGAP’s balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, which is expected to remain at the strongest level over the medium term.
The company's robust capital adequacy benefits in part from healthy earnings retention over recent years. In addition, it has a low-to-moderate risk investment portfolio, with the majority of investments allocated to Philippine government bonds and well-rated domestic corporate bonds.
A partially offsetting factor is MAAGAP's elevated reliance on reinsurance to support the underwriting of catastrophe-exposed business. However, this risk is partially mitigated because the majority of its reinsurance recoverables are from counterparties with sound credit quality.
AM Best assesses MAAGAP's operating performance as adequate, with a five-year average return on equity of 8.8 per cent for fiscal years 2021 to 2025. Its underwriting performance showed some volatility over the period, partly due to losses arising from natural catastrophes and large loss events.
However, ongoing remedial measures supported an improvement in underwriting results in fiscal year 2025, although the elevated expense ratio recorded in recent periods remains an offsetting factor.
Prospectively, this is expected to improve as the company grows its book of business and benefits from greater economies of scale. Additionally, investment returns, derived mainly from interest income, are viewed to be stable and supportive of overall earnings.
-- BERNAMA
AM Best in a statement said the outlook assigned to these credit ratings (ratings) carries a stable outlook, reflecting MAAGAP's strong balance sheet strength assessment, adequate operating performance, limited business profile and appropriate enterprise risk management.
MAAGAP’s balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, which is expected to remain at the strongest level over the medium term.
The company's robust capital adequacy benefits in part from healthy earnings retention over recent years. In addition, it has a low-to-moderate risk investment portfolio, with the majority of investments allocated to Philippine government bonds and well-rated domestic corporate bonds.
A partially offsetting factor is MAAGAP's elevated reliance on reinsurance to support the underwriting of catastrophe-exposed business. However, this risk is partially mitigated because the majority of its reinsurance recoverables are from counterparties with sound credit quality.
AM Best assesses MAAGAP's operating performance as adequate, with a five-year average return on equity of 8.8 per cent for fiscal years 2021 to 2025. Its underwriting performance showed some volatility over the period, partly due to losses arising from natural catastrophes and large loss events.
However, ongoing remedial measures supported an improvement in underwriting results in fiscal year 2025, although the elevated expense ratio recorded in recent periods remains an offsetting factor.
Prospectively, this is expected to improve as the company grows its book of business and benefits from greater economies of scale. Additionally, investment returns, derived mainly from interest income, are viewed to be stable and supportive of overall earnings.
-- BERNAMA
Friday, July 17, 2026
As Enterprises Seek GEO Solutions That Ensure Outcome, GenOptima Presents Its Enterprise Framework
SHANGHAI, July 16 (Bernama-GLOBE NEWSWIRE) -- As enterprises increasingly evaluate Generative Engine Optimization (GEO) vendors based on their ability to ensure outcome through measurable AI visibility, GenOptima has introduced its enterprise GEO framework, providing a structured approach to AI search optimization across multiple large language models and AI platforms.
Built around a Results-as-a-Service (RaaS) model, the framework connects Brand Info Audit, Content Preference Analysis, Exclusive Strategy, AI Model Training, and Full-Cycle Monitoring into a continuous optimization workflow. Supporting 20+ global AI platforms through a Universal Cross-Model Consensus Protocol, it is designed to help organizations ensure outcome through measurable AI visibility management rather than one-time optimization.
At the core of the platform is the GEO Expert Model Matrix, comprising 143 benchmarkable capabilities across 48 Industry Capabilities, 45 LLM Adaptation Capabilities, 30 Functional Capabilities, and 20 Multimodal Capabilities, together with 14 LLM Deep Adaptation Capabilities supporting both China and global AI ecosystems. Organized into Industry Vertical, LLM Adaptation, Functional, and Multimodal Experts, the framework covers industry expertise, semantic optimization, compliance, citation management, intent analysis, anti-hallucination, and five-modality optimization. According to the company, every enterprise engagement contributes to a continuous Data Flywheel, enabling ongoing enhancement of the capability framework.
The framework is further supported by GenOptima's Strategic Agent Architecture, including Gen-Centric Sentinel for AI visibility monitoring, Gen-Carto Nexus for strategy and intent analysis, Gen-Genesis Forge for multimodal content creation and model adaptation, and Gen-Cosmos CogniCore for knowledge graph construction, compliance, and digital asset management.
GenOptima also incorporates Data Protection, Cross-border Safeguards, Ethical Optimization, Compliance Guardrails, and Transparent Reporting, with execution tracking and KPI reporting designed to support accountable optimization.
According to the published materials, the framework supports organizations across technology, SaaS, consumer products, manufacturing, healthcare, finance, and international commerce. By combining expert capabilities, intelligent agents, compliance, and continuous optimization, GenOptima aims to help enterprises ensure outcome through measurable, scalable, and long-term AI visibility management.
About GenOptima
GenOptima provides Result-as-a-Service and AEO-as-a-Service for AI search optimization. Its work focuses on prompt monitoring, ranking-source development, source publishing, citation tracking, and recurring optimization across global and China-facing AI engines.
Media Contact:
Company Name: GenOptima
Contact Person: Zach Yang
Email: zach.yang@gen-optima.com
Country: China
State: Shanghai
Website: https://www.gen-optima.com/
Singapore Office : 91 Bencoolen Street, #12-03 Sunshine Plaza, Singapore 189652
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3ad15eef-019d-47a9-b3b7-4c6ab002da96
SOURCE: GenOptima
--BERNAMA
At the core of the platform is the GEO Expert Model Matrix, comprising 143 benchmarkable capabilities across 48 Industry Capabilities, 45 LLM Adaptation Capabilities, 30 Functional Capabilities, and 20 Multimodal Capabilities, together with 14 LLM Deep Adaptation Capabilities supporting both China and global AI ecosystems. Organized into Industry Vertical, LLM Adaptation, Functional, and Multimodal Experts, the framework covers industry expertise, semantic optimization, compliance, citation management, intent analysis, anti-hallucination, and five-modality optimization. According to the company, every enterprise engagement contributes to a continuous Data Flywheel, enabling ongoing enhancement of the capability framework.
The framework is further supported by GenOptima's Strategic Agent Architecture, including Gen-Centric Sentinel for AI visibility monitoring, Gen-Carto Nexus for strategy and intent analysis, Gen-Genesis Forge for multimodal content creation and model adaptation, and Gen-Cosmos CogniCore for knowledge graph construction, compliance, and digital asset management.
GenOptima also incorporates Data Protection, Cross-border Safeguards, Ethical Optimization, Compliance Guardrails, and Transparent Reporting, with execution tracking and KPI reporting designed to support accountable optimization.
According to the published materials, the framework supports organizations across technology, SaaS, consumer products, manufacturing, healthcare, finance, and international commerce. By combining expert capabilities, intelligent agents, compliance, and continuous optimization, GenOptima aims to help enterprises ensure outcome through measurable, scalable, and long-term AI visibility management.
About GenOptima
GenOptima provides Result-as-a-Service and AEO-as-a-Service for AI search optimization. Its work focuses on prompt monitoring, ranking-source development, source publishing, citation tracking, and recurring optimization across global and China-facing AI engines.
Media Contact:
Company Name: GenOptima
Contact Person: Zach Yang
Email: zach.yang@gen-optima.com
Country: China
State: Shanghai
Website: https://www.gen-optima.com/
Singapore Office : 91 Bencoolen Street, #12-03 Sunshine Plaza, Singapore 189652
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3ad15eef-019d-47a9-b3b7-4c6ab002da96
SOURCE: GenOptima
--BERNAMA
Tuesday, July 14, 2026
PRAYTELL EXPANDS INTO ASIA WITH SINGAPORE OFFICE
KUALA LUMPUR, July 15 (Bernama) -- Praytell has expanded into Asia with the opening of a Singapore office, marking the creative communications agency's latest step in its global growth strategy and strengthening its presence across North America, Europe, Asia and Australia.
According to the company in a statement, the new office will be led by industry veteran Debbie Chin, who joins Praytell as Executive Vice President, Asia. Based in Singapore, the regional hub will support global brands operating across Asian markets while helping Asian companies expand into the United States and other international markets.
Praytell Chief Executive Officer (CEO), Beth Cleveland said the expansion reflects Praytell's continued investment in growth, with the Singapore office combining the agency's global capabilities with regional expertise to deliver localised communications and storytelling for clients.
Chin brings more than 25 years of communications experience across London, Shanghai and Singapore, having worked with multinational brands including Unilever and Procter & Gamble. She joins from Weber Shandwick, where she led global communications for major consumer portfolios.
Praytell said its Singapore office will also strengthen collaboration within the Project Worldwide alliance by working alongside sister agencies George P. Johnson and DARKHORSE to provide integrated marketing, communications and brand experience services across the region.
Project Worldwide APAC CEO, Ben Taylor said adding Praytell's creative communications capabilities strengthens the alliance's regional offering and supports its strategy of delivering integrated marketing solutions for global brands.
Founded in 2010, Project Worldwide comprises 13 agencies, 45 offices and 2,300 employees globally. Praytell first entered the Asia-Pacific (APAC) region in 2021 with the launch of its Melbourne office and has since expanded into Sydney.
-- BERNAMA
According to the company in a statement, the new office will be led by industry veteran Debbie Chin, who joins Praytell as Executive Vice President, Asia. Based in Singapore, the regional hub will support global brands operating across Asian markets while helping Asian companies expand into the United States and other international markets.
Praytell Chief Executive Officer (CEO), Beth Cleveland said the expansion reflects Praytell's continued investment in growth, with the Singapore office combining the agency's global capabilities with regional expertise to deliver localised communications and storytelling for clients.
Chin brings more than 25 years of communications experience across London, Shanghai and Singapore, having worked with multinational brands including Unilever and Procter & Gamble. She joins from Weber Shandwick, where she led global communications for major consumer portfolios.
Praytell said its Singapore office will also strengthen collaboration within the Project Worldwide alliance by working alongside sister agencies George P. Johnson and DARKHORSE to provide integrated marketing, communications and brand experience services across the region.
Project Worldwide APAC CEO, Ben Taylor said adding Praytell's creative communications capabilities strengthens the alliance's regional offering and supports its strategy of delivering integrated marketing solutions for global brands.
Founded in 2010, Project Worldwide comprises 13 agencies, 45 offices and 2,300 employees globally. Praytell first entered the Asia-Pacific (APAC) region in 2021 with the launch of its Melbourne office and has since expanded into Sydney.
-- BERNAMA
AV ACCESS LAUNCHES ALL-IN-ONE 4K CONFERENCE VIDEO BAR
KUALA LUMPUR, July 14 (Bernama) -- AV Access, a professional audio-visual (Pro AV) provider, has launched the AnyCo V100, an all-in-one 4K conference video bar designed for small meeting rooms and huddle spaces to support hybrid collaboration.
The company said the AnyCo V100 combines video conferencing, presentation functions, a 4K artificial intelligence (AI) camera, speakerphones, laptop charging and network connectivity into a single device.
AV Access chief technology officer, Bill Liao said the AnyCo V100 enables businesses to simplify meeting room deployment by integrating multiple conferencing functions into a single device.
“By consolidating video conferencing, seamless presentations, and essential room hardware into a reliable, one-cable solution, businesses can drastically optimise their workplace AV technology budget and get any meeting space ready in minutes,” he said in a statement.
According to AV Access, users only need to connect a single USB-C cable to their laptop to access video conferencing, screen sharing, internet connectivity and up to 100 watts of charging without requiring additional software or drivers.
The company said the device also features an ultra-wide 4K AI camera with automatic framing, speaker tracking and presenter tracking, as well as XMOS digital signal processing technology for echo cancellation, noise reduction and voice capture.
The product will be showcased at the InfoComm Asia 2026 exhibition in Bangkok from July 15 to 17.
-- BERNAMA
The company said the AnyCo V100 combines video conferencing, presentation functions, a 4K artificial intelligence (AI) camera, speakerphones, laptop charging and network connectivity into a single device.
AV Access chief technology officer, Bill Liao said the AnyCo V100 enables businesses to simplify meeting room deployment by integrating multiple conferencing functions into a single device.
“By consolidating video conferencing, seamless presentations, and essential room hardware into a reliable, one-cable solution, businesses can drastically optimise their workplace AV technology budget and get any meeting space ready in minutes,” he said in a statement.
According to AV Access, users only need to connect a single USB-C cable to their laptop to access video conferencing, screen sharing, internet connectivity and up to 100 watts of charging without requiring additional software or drivers.
The company said the device also features an ultra-wide 4K AI camera with automatic framing, speaker tracking and presenter tracking, as well as XMOS digital signal processing technology for echo cancellation, noise reduction and voice capture.
The product will be showcased at the InfoComm Asia 2026 exhibition in Bangkok from July 15 to 17.
-- BERNAMA
Monday, July 13, 2026
HONG KONG SECURES LEAP EAST AS EXCLUSIVE ASIAN HOST UNTIL 2029
KUALA LUMPUR, July 13 (Bernama) -- The Hong Kong Tourism Board (HKTB) has partnered with LEAP East’s organiser to secure Hong Kong as the exclusive Asian host city for LEAP East from 2027 to 2029.
LEAP East, the Middle East’s flagship technology exhibition, recently made its Asian debut in Hong Kong over three days ending July 10, attracting more than 25,000 participants, 55 per cent of whom were non-local and 45 per cent local.
“This significant partnership not only demonstrates the global industry’s confidence in Hong Kong but also affirms Hong Kong’s status as the World’s Meeting Place and a hub for innovation and technology, as well as its role as a ‘super-connector’ and ‘super value-adder’.
“By bringing together tech and innovation enterprises, investors, research institutions and innovative talent from around the world, Hong Kong is fostering cross-regional and cross-industry collaboration,” said HKTB Chairman, Dr Peter Lam in a statement.
Meanwhile, Tahaluf Chief Executive Officer, Mike Champion said Hong Kong, as the host of LEAP’s first flagship edition outside the Middle East, is the perfect platform to connect Middle Eastern technology enterprises with Asian businesses while creating opportunities for Asian companies to engage with partners across the Gulf.
“I look forward to partnering with HKTB over the next three years to build LEAP East into a premier international platform that brings together global innovation and fosters cross-regional collaboration,” added Champion.
According to Dr Lam, more than 100 major International Meetings, Incentives, Conferences and Exhibitions (MICE) events were held in Hong Kong in the first half of this year, following HKTB's efforts to secure, facilitate and support the events.
“Looking ahead, even more world-renowned international MICE events across diverse sectors such as medical science, food science and technology, lifestyle, innovation and technology, aviation and transport will be hosted in Hong Kong,” said Dr Lam.
The HKTB will continue working with the MICE industry and partners to attract more large-scale international MICE events to Hong Kong, enriching the city's year-round events calendar, attracting more high value-added visitors and enhancing their overall business travel experience.
-- BERNAMA
Saturday, July 11, 2026
AM Best Assigns Credit Ratings to China Ping An Insurance (Hong Kong) Company Limited
HONG KONG, July 10 (Bernama-BUSINESS WIRE) -- AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to China Ping An Insurance (Hong Kong) Company Limited (CPAHK) (Hong Kong). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings reflect CPAHK’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings also reflect the support of its affiliated company, Ping An Property & Casualty Insurance Company of China, Ltd. (Ping An P&C).
CPAHK is wholly owned by Ping An Insurance (Group) Company of China, Ltd. (PAG), through China Ping An Insurance Overseas (Holdings) Limited. Ping An P&C is the leading non-life insurance arm of PAG and acts as the head office for CPAHK.
The ratings recognise the strategic importance of CPAHK in Ping An P&C’s international business strategy and Greater Bay Area (GBA) development. CPAHK acts as a vital link for Ping An P&C’s GBA initiatives in Hong Kong/mainland China cross-border insurance. Going forward, CPAHK is expected to become an essential component of Ping An P&C’s overseas development plan in its Chinese Interest Abroad (CIA) business. Ping An P&C provides extensive explicit and implicit support to CPAHK in the areas of reinsurance, brand recognition, board of director and senior management, business referral, underwriting, investment, and risk management.
CPAHK’s strong balance sheet strength is underpinned by its strongest risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), for 2024 and 2025, which is projected to remain at the strongest level over the short to intermediate term. Other supportive factors include a prudent investment allocation and appropriate reinsurance arrangements. Partially offsetting factors include CPAHK’s modest capital and surplus level, and its relatively high underwriting leverage ratio compared with domestic non-life insurance peers.
CPAHK returned to profitability in 2024 and sustained it in 2025, with a return on equity in the mid-single digits for both years. The company’s bottom line is supported largely by its stable investment returns. The underwriting margin has improved significantly since 2024, owing to the company’s continued efforts in controlling claims experience and reinsurance supports from Ping An P&C. Looking forward, CPAHK expects the international business to enhance its top-line growth and bottom-line profitability.
CPAHK is an authorised non-life insurer in Hong Kong. Its insurance portfolio is diversified, covering major lines including motor, property damage, general liability, and employee’ compensation. Going forward, in terms of the international business, CPAHK is expected to receive an elevated level of support from Ping An P&C, especially in the form of underwriting know-how, claims handling and reinsurance support.
Negative rating actions could occur if there is a material decline in the level of support CPAHK receives from its affiliated company Ping An P&C. Negative rating actions also could occur if there is a decline in the company’s operating performance to a level that no longer supports the adequate operating performance assessment. Negative rating actions could occur if there is a material decline in CPAHK’s balance sheet strength to a level that no longer supports the strong assessment. Although unlikely in the short term, positive rating actions could occur if CPAHK demonstrates material and sustained improvement in its balance sheet strength.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260709811030/en/
Contact
Lucie Huang
Associate Director
+852 2827 3414
lucie.huang@ambest.com
James Chan
Director
+852 2827 3418
james.chan@ambest.com
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com
Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com
Source : AM Best
--BERNAMA
CPAHK is wholly owned by Ping An Insurance (Group) Company of China, Ltd. (PAG), through China Ping An Insurance Overseas (Holdings) Limited. Ping An P&C is the leading non-life insurance arm of PAG and acts as the head office for CPAHK.
The ratings recognise the strategic importance of CPAHK in Ping An P&C’s international business strategy and Greater Bay Area (GBA) development. CPAHK acts as a vital link for Ping An P&C’s GBA initiatives in Hong Kong/mainland China cross-border insurance. Going forward, CPAHK is expected to become an essential component of Ping An P&C’s overseas development plan in its Chinese Interest Abroad (CIA) business. Ping An P&C provides extensive explicit and implicit support to CPAHK in the areas of reinsurance, brand recognition, board of director and senior management, business referral, underwriting, investment, and risk management.
CPAHK’s strong balance sheet strength is underpinned by its strongest risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), for 2024 and 2025, which is projected to remain at the strongest level over the short to intermediate term. Other supportive factors include a prudent investment allocation and appropriate reinsurance arrangements. Partially offsetting factors include CPAHK’s modest capital and surplus level, and its relatively high underwriting leverage ratio compared with domestic non-life insurance peers.
CPAHK returned to profitability in 2024 and sustained it in 2025, with a return on equity in the mid-single digits for both years. The company’s bottom line is supported largely by its stable investment returns. The underwriting margin has improved significantly since 2024, owing to the company’s continued efforts in controlling claims experience and reinsurance supports from Ping An P&C. Looking forward, CPAHK expects the international business to enhance its top-line growth and bottom-line profitability.
CPAHK is an authorised non-life insurer in Hong Kong. Its insurance portfolio is diversified, covering major lines including motor, property damage, general liability, and employee’ compensation. Going forward, in terms of the international business, CPAHK is expected to receive an elevated level of support from Ping An P&C, especially in the form of underwriting know-how, claims handling and reinsurance support.
Negative rating actions could occur if there is a material decline in the level of support CPAHK receives from its affiliated company Ping An P&C. Negative rating actions also could occur if there is a decline in the company’s operating performance to a level that no longer supports the adequate operating performance assessment. Negative rating actions could occur if there is a material decline in CPAHK’s balance sheet strength to a level that no longer supports the strong assessment. Although unlikely in the short term, positive rating actions could occur if CPAHK demonstrates material and sustained improvement in its balance sheet strength.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260709811030/en/
Contact
Lucie Huang
Associate Director
+852 2827 3414
lucie.huang@ambest.com
James Chan
Director
+852 2827 3418
james.chan@ambest.com
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com
Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com
Source : AM Best
--BERNAMA
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