Free Submission Public Relations &
Deutsch English


A.M. Best Affirms Ratings of Peak Reinsurance Company Limited

Print article Print article
© Business Wire 2013
2013-12-19 19:34:01 -

A.M. Best Asia-Pacific Limited has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Peak Reinsurance Company Limited (Peak Re) (Hong Kong). The outlook for both ratings is stable.

The ratings of Peak Re are based on its sound risk-adjusted capitalization, focused underwriting strategy entering the January renewal period, senior management’s long-standing Asia Pacific market knowledge and its strong investment performance achieved through a highly liquid investment portfolio during its first year of operation.

Partially offsetting these positive rating factors are the many challenges Peak Re faces in executing its business plan amid the increasingly competitive reinsurance environment within many Asia-Pacific markets. This includes the potential exposure to multiple large risk events that may adversely impact

its capital position during its early years of operation.

Although Peak Re is well positioned at its current rating level, negative rating actions may occur if failure to execute its business plan causes the company’s risk-adjusted capitalization to decline to a level below A.M. Best’s expectations.

The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M.

Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at : .. .

Ratings are communicated to rated entities prior to publication, and unless stated otherwise, the ratings were not amended subsequent to that communication.

A.M. Best Asia-Pacific Limited is a subsidiary of A.M. Best Company. A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. For more information, visit : .. .

Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

" title="\"/>" target="_blank" rel="nofollow"> ..

A.M. Best CompanyVivian Cheung, +852-2827-3411Financial
Analyst : orMoungmo

Lee, +852-2827-3402General Manager : orRachelle
Morrow, +(1) 908-439-2200, ext. 5378Senior Manager, Public
Relations : orJim

Peavy, +(1) 908-439-2200, ext. 5644Assistant Vice
President, Public Relations :

Hossam Abdel-Kader
Phone: +43 1 9582319

Disclaimer: (c) 2014 Business Wire. All of the news releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News


Terms & Conditions | Privacy | About us | Contact | BidVertiser