HONG KONG, Sept 30 (Bernama) -- AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” (Good) to Beibu Gulf Property & Casualty Insurance Company Ltd. (Beibu Gulf Insurance) (China). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings reflect Beibu Gulf Insurance’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.