Kuala Lumpur: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of ‘a’ (Excellent) of Sun Hung Kai Properties Insurance Limited (SHKPI). The outlook of these credit ratings is stable.
According to BERNAMA News Agency, the ratings reflect SHKPI’s balance sheet strength, which AM Best assesses as very strong. Additionally, the affirmation considers SHKPI’s strong operating performance, neutral business profile, and appropriate enterprise risk management (ERM).