KUALA LUMPUR, Dec 22 (Bernama) -- A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) of "a-" of Peak Reinsurance Company Limited (Peak Re) (Hong Kong). The outlook of all ratings remains stable.
The ratings of Peak Re reflect its strong risk-based capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), and the experience of its senior management, particularly in underwriting reinsurance business. The ratings also recognize the company's diversified business lines and initiatives to improve underwriting profitability through expanding into North America and Europe.
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The ratings of Peak Re reflect its strong risk-based capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), and the experience of its senior management, particularly in underwriting reinsurance business. The ratings also recognize the company's diversified business lines and initiatives to improve underwriting profitability through expanding into North America and Europe.
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