A.M. Best Co. has placed the financial strength rating of “B++” (Good) and the issuer credit rating of “bbb+” of South Korea’s MERITZ Fire & Marine Insurance Company, Ltd. under review with positive implications. “The rating actions follow MERITZ’s recent announcement to its shareholders a rights offering worth KRW 204.4 billion (approximately $221 million.).” Best said it believes MERITZ’s risk-adjusted capitalization will increase substantially after the offer.
A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa” of South Korea’s Samsung Fire & Marine Insurance Company Limited with a stable outlook. “The ratings reflect the company’s strong risk-adjusted capitalization, unrivaled market leadership, profit-oriented strategy and conservative investment portfolio,” said Best.
Was this article valuable?
Here are more articles you may enjoy.
Amish Mother and 6 Children Killed in Explosion and Fire at Pennsylvania Home 
How Niche Insurance Shielded Bad Bunny From Bad Weather 
Oil Trader CFOs Say Hormuz Closure Driving Wave of Disputes 
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
