HONG KONG, Jan 20 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of South China Insurance Co., Ltd. (South China Insurance) (Taiwan). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect South China Insurance’s sound risk-adjusted capitalization, track record of favorable operating performance and its diversified distribution capabilities, which include direct, agents and brokers, car dealers and financial institutions. The company also benefits from synergies with its publicly traded parent, Hua Nan Financial Holdings Co. Ltd. (HNFH), in risk management and cross-selling opportunities.
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