UOI’s rating reflects the company’s strong risk-adjusted capitalization, excellent operating performance and its favorable business profile as a member of the United Overseas Bank Limited (UOB) group, Singapore’s third largest bank by asset value. UOI’s strong risk-adjusted capitalization, as evaluated by Best’s Capital Adequacy Ratio, is supported by its low gross and net underwriting leverage.
Friday 29 April 2016
A.M. BEST AFFIRMS RATINGS OF UNITED OVERSEAS INSURANCE LIMITED
SINGAPORE, April 28 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of A+ (Superior) and the issuer credit rating of “aa-” of United Overseas Insurance Limited (UOI) (Singapore). The outlook for each rating remains stable.
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