AM Best Assigns Credit Ratings to SAIC Motor Insurance Limited

HONG KONG, June 12 (Bernama) -- AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to SAIC Motor Insurance Limited (SAIC Captive) (Hong Kong). The outlook assigned to these Credit Ratings (ratings) is stable.

The ratings reflect SAIC Captive’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.