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AM Best Removes Under Review With Negative Implications Status and Affirms Credit Ratings of Hotai Insurance Co., Ltd.

HONG KONG, September 15, 2023 AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "bbb" (Good) of Hotai Insurance Co., Ltd. (Hotai Insurance) (Taiwan). The outlook assigned to the FSR is stable, while the outlook assigned to the Long-Term ICR is positive. ....

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AM Best Removes Under Review With Negative Implications Status and Affirms Credit Ratings of Hotai Insurance Co., Ltd.

AM Best Removes Under Review With Negative Implications Status and Affirms Credit Ratings of Hotai Insurance Co., Ltd.
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AM Best Revises Outlooks to Positive for Hotai Insurance Co., Ltd.

Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Revises Outlooks to Positive for Hotai Insurance Co., Ltd.
January 22, 2021 GMT
HONG KONG (BUSINESS WIRE) Jan 22, 2021
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Hotai Insurance Co., Ltd. (Hotai Insurance) (Taiwan).
The Credit Ratings (ratings) reflect Hotai Insurance’s balance sheet strength, which AM Best categorises as very strong, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk management. The ratings also reflect the support that the company receives from its ultimate parent, Ho Tai Motor Co., Ltd. (Ho Tai Motor). ....

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