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AM Best assigns positive credit ratings to Generali Hong Kong

24th August 2022 - Author: Kane Wells

Ratings agency, AM Best has assigned Generali Hong Kong a Financial Strength Rating of “A” (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent).

Generali logoThe 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.

In a press release, Generali stated, “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 becoming Lifetime Partner to our customers, providing innovative and comprehensive insurance solutions to meet their evolving needs.”

AmericanAg - Global Reinsurance Solutions

Generali Hong Kong is a wholly owned subsidiary of Generali, which is among the leading insurance groups worldwide, with gross premium written of EUR 75.8 billion in 2021.

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