Rating agency A.M. Best has affirmed the A (excellent) financial strength rating of Macau Insurance Company.
The agency said the rating "reflects the company's strong capitalization, continuing improvement in market profile and excellent operating performance in its core non-life operations."
It also noted that while the life subsidiary has not contributed to bottom line results, its bancassurance strategy will generate further growth opportunities in the near future.
Finally, A.M. Best said the rating also considers the parental support from Banco Commercial de Portugues (BCP), a leading Portuguese insurance and banking group.
