Tag - ” A.M. Best said in a statement.

Samsung Fire & Marine Insurance receives highest credit rating

The nation’s top nonlife insurer Samsung Fire & Marine Insurance said Tuesday that it received the highest credit rating of A++ from A.M. Best, a global insurance rating agency, for the fifth consecutive year in 2015. “The rating affirmations reflect Samsung Fire & Marine’s excellent risk-adjusted capitalization, strong operating performance and superior business profile,” A.M. Best said in a statement. Local insurers are bracing for tougher regulations on their financial health in the coming years as Korea plans to adopt phase [...]