HONG KONG, July 31 (Bernama-BUSINESS WIRE)-- A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Starr Property & Casualty Insurance (China) Company, Limited (Starr China) (China). The outlook for both ratings is stable.
The ratings reflect Starr China’s adequate and improving level of risk-adjusted capitalization, its prudently managed investment portfolio and its knowledgeable management team in commercial lines and specialty risks underwriting. The ratings also benefit from the business and operational support of Starr International Company, Inc. (SICO) and its insurance subsidiaries and the capital commitment from Starr Insurance & Reinsurance Limited (SIRL), one of the affiliated companies within SICO, which is a 20% shareholder of Starr China.
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