Hong Kong - Generali Life (Hong Kong) Limited (“Generali Hong Kong”) has been assigned a Financial Strength Rating (FSR) of “A” (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” (Excellent) from AM Best, one of the largest global credit rating agencies that specialises in the insurance industry. The outlook assigned to these ratings is stable.
The ratings reflect Generali Hong Kong’s inclusion as a member of the lead rating unit of Assicurazioni Generali S.p.A. (Generali) (Italy), which has a balance sheet strength that AM Best assesses as strong, as well as its strong operating performance, very favourable business profile and appropriate enterprise risk management. The addition to the rating unit also reflects Generali Hong Kong’s contribution to Generali’s growth and diversification strategy.
This recognition from AM Best is a major milestone for Generali Hong Kong, and we are delighted that our continual efforts are affirmed by a leading rating authority. With a combination of local knowledge and Generali’s global expertise, we are committed to become Lifetime Partner to our customers, providing innovative and comprehensive insurance solutions to meet their evolving needs.
Please find here AM Best’s original press release.