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S&P applies revised insurance criteria to Asia Pacific insurers


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Standard & Poor's Ratings Services on Wednesday said it kept the credit ratings of 18 insurers in Asia Pacific which underwent review after the debt-watcher changed its criteria for such firms. 
 
In a statement, S&P said it "has reviewed its ratings on 18 life insurance companies, insurance holding companies and some of their related entities in the Asia-Pacific region."
 
"All ratings are affirmed," it added. 
 
These companies are:
 
Pacific
  • Manchester Unity Friendly Society 
  • MetLife Insurance Ltd.
  • National Wealth Management Holdings Ltd.
  • ANZ Wealth Australia Ltd.
  • Medical Insurance Society Ltd.
  • Medical Life Assurance Society Ltd.
  • Medical Securities Ltd.
  • Hallmark Life Insurance Co. Ltd.
  • Hallmark Life Insurance Co. Ltd. (New Zealand Branch)
  • Colonial Holding Co. Ltd.
  • Zurich Australia Ltd.
 
Asia (excluding Japan)
 
  • Hang Seng Insurance Co. Ltd.
  • HSBC Insurance (Singapore) Pte. Ltd.
  • HSBC Life (International) Ltd.
  • Nan Shan Life Insurance Co. Ltd.
  • NTUC Income Insurance Co-operative Ltd.
  • Thai Life Insurance Public Co. Ltd.
  • Taiwan Life Insurance Co. Ltd. 
S&P said it will soon publish specific analytic reports for each of the companies. — SOA/VS, GMA News 
 
Tags: creditrating, insurers, sp, standardpoors
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