SINGAPORE, Oct 30 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of MS First Capital Insurance Limited (MSFC) (Singapore). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect MSFC’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM). The ratings also factor in rating enhancement from Mitsui Sumitomo Insurance Company Limited (MSI), for whom the ultimate parent is MS&AD Insurance Group Holdings, Inc. (MS&AD).
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