HONG KONG, June 20 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial
strength of A (Excellent) and the issuer credit rating of “a” of BOC
Group Life Assurance Company Limited (BOCGL) (Hong Kong). The outlook
for each rating is stable. Concurrently, A.M. Best has withdrawn the ratings of
BOCGL upon management’s request to no longer participate in A.M. Best’s
interactive rating process.
The ratings of BOCGL reflect its good risk-adjusted capitalization and solid competitive position in Hong Kong’s life insurance market. The ratings also recognize the continued capital and operational support provided by its banking parent, BOC Hong Kong (Holdings) Limited (BOCHK).
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