{"id":649,"date":"2025-05-29T10:00:05","date_gmt":"2025-05-29T10:00:05","guid":{"rendered":"http:\/\/www.xinetica.com\/?p=649"},"modified":"2025-05-29T14:34:00","modified_gmt":"2025-05-29T14:34:00","slug":"asian-re-achieves-strong-growth-and-credit-rating-upgrade-in-2024-am-best","status":"publish","type":"post","link":"http:\/\/www.xinetica.com\/index.php\/2025\/05\/29\/asian-re-achieves-strong-growth-and-credit-rating-upgrade-in-2024-am-best\/","title":{"rendered":"Asian Re achieves strong growth and credit rating upgrade in 2024: AM Best"},"content":{"rendered":"

Asian Reinsurance Corporation (Asian Re), a Thailand-based reinsurer providing risk transfer solutions across Asia in Thailand, has shown notable progress in its financial and operational performance during 2024.<\/p>\n

\"technology\"The company achieved a combined ratio of 84.9%, representing a significant improvement of 15.3% compared to the previous year.<\/p>\n

Net profit more than doubled, increasing by 117.9% to reach USD 7.01 million.<\/p>\n

In addition, Asian Re maintained a robust solvency ratio of 336% under Thailand\u2019s Risk-Based Capital guidelines, indicating a solid liquidity position and conservative underwriting leverage.<\/p>\n

AM Best, the credit rating agency specialising in insurance and reinsurance, assessed Asian Re\u2019s financial strength and operating results.<\/p>\n

\n
\n

\"Download<\/a><!–\"Download<\/a>–><\/p>\n<\/div>\n<\/div>\n

As a result, AM Best upgraded Asian Re\u2019s Financial Strength Rating from B+ (Good) to B++ (Good), and its Long-Term Issuer Credit Rating from \u201cbbb-\u201d (Good) to \u201cbbb\u201d (Good), maintaining a stable outlook.<\/p>\n

This upgrade recognises the company\u2019s sustained improvement in profitability, strong balance sheet, and effective enterprise risk management framework.<\/p>\n

Asian Re\u2019s capital adequacy, measured by Best\u2019s Capital Adequacy Ratio (BCAR), is expected to remain at the strongest level over the medium term, supporting its solid solvency profile.<\/p>\n

Since 2018, Asian Re\u2019s management has executed several strategic initiatives that have allowed the company to grow its portfolio steadily at a compound annual growth rate of 14%, reaching USD 26.3 million in premiums in 2024 alongside consistent underwriting profits.<\/p>\n

The company continues to pursue new business partnerships and initiatives aimed at expanding its market presence and underwriting capabilities, positioning Asian Re for further success in the years ahead.<\/p>\n

The post Asian Re achieves strong growth and credit rating upgrade in 2024: AM Best<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Asian Reinsurance Corporation (Asian Re), a Thailand-based reinsurer providing risk transfer solutions across Asia in Thailand, has shown notable progress […]<\/p>\n","protected":false},"author":1,"featured_media":651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/649"}],"collection":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/comments?post=649"}],"version-history":[{"count":3,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/649\/revisions"}],"predecessor-version":[{"id":653,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/649\/revisions\/653"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media\/651"}],"wp:attachment":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media?parent=649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/categories?post=649"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/tags?post=649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}