COSCO (Hong Kong) Group

AM Best Affirms Credit Ratings of COSCO SHIPPING Captive Insurance Co., Ltd.

Retrieved on: 
Thursday, September 17, 2020

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of COSCO SHIPPING Captive Insurance Co., Ltd. (COSCO SHIPPING Captive) (China).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of COSCO SHIPPING Captive Insurance Co., Ltd. (COSCO SHIPPING Captive) (China).
  • The ratings also reflect the wide range of support the company receives from its parent, China COSCO SHIPPING Corporation Limited (COSCO SHIPPING), which AM Best perceives to benefit from strong government support.
  • For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Affirms Credit Ratings of COSCO SHIPPING Captive Insurance Co., Ltd.

Retrieved on: 
Thursday, September 19, 2019

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of COSCO SHIPPING Captive Insurance Co., Ltd. (COSCO SHIPPING Captive) (China).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of COSCO SHIPPING Captive Insurance Co., Ltd. (COSCO SHIPPING Captive) (China).
  • The ratings also reflect the wide range of support the company receives from its parent, China COSCO SHIPPING Corporation Limited (COSCO SHIPPING), which AM Best perceives to benefit from strong government support.
  • For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .