SINGAPORE, Feb 14 (Bernama-BUSINESS WIRE) — AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of PVI Reinsurance Joint-stock Corporation (PVI Re) (Vietnam). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings reflect PVI Re’s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management (ERM). In addition, PVI Re benefits from rating enhancement from HDI Haftpflichtverband der Deutschen Industrie V.a.G. (HDI V.a.G. or the HDI group).
