AM BEST ASSIGNS CREDIT RATINGS TO NAN SHAN GENERAL INSURANCE CO., LTD.
HONG KONG, March 18 (Bernama-BUSINESS WIRE) -- AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Nan Shan General Insurance Co., Ltd. (Nan Shan General) (Taiwan). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings reflect Nan Shan General’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 (ERM).
Nan Shan General was established in 1962. On 1 September 2016, it was fully acquired by Nan Shan Life Insurance Co., Ltd. (Nan Shan Life), which is owned by Ruen Chen Investment Holding Co., Ltd. (Ruen Chen), a Taiwan-based joint venture funded by Ruentex Group (collective stake of 80% of Ruen Chen) and Pou Chen Group (20%).
