Seoul: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of 'a+' (Excellent) of Korean Reinsurance Company (KRE) in South Korea. The outlook of these Credit Ratings is stable.

According to BERNAMA News Agency, the ratings reflect KRE's balance sheet strength, which AM Best assesses as very strong. Additionally, the company's adequate operating performance, favourable business profile, and appropriate enterprise risk management contribute to the affirmed ratings.