MIN XIN Aktie

 

HONG KONG--(BUSINESS WIRE)--#insurance--AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” (Good) to Min Xin Insurance Company Limited (MXIC) (Hong Kong). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect MXIC's balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. Established in 1974, MXIC is a long-standing player in Hong Kong and Macau's non-life insurance markets. MXIC is 100% owned by Min Xin Holdings Limited (MXHL), a holding company that engages primarily in banking investment, provision of micro credit business and insurance, property investment and strategic investment. MXHL is majority owned by its ultimate parent, Fujian Investment & Development Group Co., Ltd. (FIDG), a Chinese state-owned enterprise and investment platform of the Fujian provincial government. MXIC has a diver...