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.
Sunday, 1 May 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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