Insurance

Chubb Life assigned "A+" Financial Strength Rating

Chubb Life Hong Kong has announced that it has received an "A+" local currency long-term financial strength and credit rating with a "stable outlook" from Standard & Poor's, a leading international credit rating organisation.

The rating affirms the financial strength and stability of Chubb Life Hong Kong and its important contribution to Chubb's international life insurance operations, according to a press release. 

Michael Ho, President, Chubb Life Hong Kong, said: “We are proud that Chubb Life Hong Kong has been accredited with the strong rating assigned by S&P, which is a testament to our financial strength and robust capital position. Despite recent challenging market conditions, we have maintained our business presence with strong capitalization in the highly competitive insurance market in Hong Kong. With the affirmation from S&P, we will continue to embrace growth opportunities with our admired brand, innovative product offerings, and strong distribution and management. We will also continue to receive the support of the Chubb Group in our mission to craft and deliver the very best insurance solutions to our clients in Hong Kong.”