HONG KONG, Sept 11 (Bernama-BUSINESS WIRE)-- A.M. Best has affirmed the financial strength ratings of A- (Excellent) and the issuer credit ratings of “a-” of Macau Insurance Company Limited (MIC) and Macau Life Insurance Company Limited (MLIC) (both domiciled in Macau). The outlook for all ratings is stable.
MIC’s ratings reflect its sound risk-adjusted capitalization on a consolidated basis, as measured by Best’s Capital Adequacy Ratio (BCAR). The capital adequacy remains supportive of its current ratings. MIC continues to maintain a conservative level of net premium leverage, which is generally lower than its peers. MIC also maintains sound liquidity and has prudent investment strategy.
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