HONG KONG, March 10 (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 Sun Hung Kai Properties Insurance Limited (SHKPI) (Hong Kong). The outlook of these Credit Ratings (ratings) is stable.
The rating affirmations reflect the company’s strong risk-adjusted capitalization, with growth in capital and surplus supported by a consistently favorable operating performance. The company also benefits from the business and investment management support it receives as a wholly owned subsidiary and the sole insurance arm of Sun Hung Kai Properties Limited (SHKP), one of the leading property conglomerates based in Hong Kong.
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