​AM Best Assigns Credit Ratings to China Ping An Insurance (Hong Kong) Company Limited

HONG KONG, July 10 (Bernama) -- AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to China Ping An Insurance (Hong Kong) Company Limited (CPAHK) (Hong Kong). The outlook assigned to these Credit Ratings (ratings) is stable.

The ratings reflect CPAHK’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings also reflect the support of its affiliated company, Ping An Property & Casualty Insurance Company of China, Ltd. (Ping An P&C).