A.M. Best Affirms Credit Ratings Of Hotai Insurance Co., Ltd.

Last update: 09/02/2018

HONG KONG, Feb 9 (Bernama) -- A.M. Best has 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 outlook of these Credit Ratings (ratings) is stable.

Hozan Investment Co., Ltd., a wholly owned subsidiary of Ho Tai Motor Co., Ltd. (Ho Tai Motor), completed its acquisition of Zurich Insurance Taiwan on Jan. 17, 2017, and changed the name to Hotai Insurance on March 1, 2017. Ho Tai Motor, the ultimate parent of Hotai Insurance, is a Taiwan market-leading distributor of well-known auto brands such as Toyota, Lexus and HINO. Ho Tai Motor also operates and invests in car rental and leasing, auto finance, auto insurance and the auto parts business.

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