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A.M. Best Affirms Credit Ratings Of Blue Cross (Asia-Pacific) Insurance Limited
Last update: 07/08/2017
HONG KONG, Aug 7 (Bernama) -- A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" of Blue Cross (Asia-Pacific) Insurance Limited (Blue Cross) (Hong Kong). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Blue Cross' persistent favorable operating performance with expense ratios over the past five years that were lower than those of its peers, as well as its strong risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR). The ratings also account for Blue Cross' continual efforts to diversify its distribution channels to more cost-effective direct and online channels.
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Source: Bank Negara Malaysia |
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