A.M. Best Assigns Ratings to Starr Property & Casualty Insurance (China) Company, Limited

KUALA LUMPUR, July 17 (Bernama) -- A.M. Best has assigned the financial strength rating of A- (Excellent) and issuer credit rating of "a-" to Starr Property & Casualty Insurance (China) Company, Limited (Starr China) (China), formerly known as Dazhong Insurance Company Limited. The name change is pending completion of the local process. The outlook assigned to both ratings is stable.

The ratings reflect Starr China's adequate level of risk-adjusted capitalization and a prudently managed investment portfolio. The ratings also benefit from the business and operational support of Starr International Company, Inc. (SICO) and its insurance subsidiaries, and the capital commitment from Starr Insurance & Reinsurance Limited (SIRL), one of the affiliated companies within SICO, which is a 20% shareholder of Starr China.

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