Chartis Singapore will have a strong competitive position in Singapore following the transfer of assets and liabilities from American Home Assurance's Singapore branch operation. The company has a long track record in Singapore, and will act as the regional hub for the Chartis APAC group. We have assigned our 'A+' counterparty credit and financial strength ratings to Chartis Singapore. The negative outlook reflects the outlook on the Chartis group. HONG KONG (Standard&Poor's) Dec. 22, 2010--Standard&Poor's Ratings Services said today that it had assigned its long-term 'A+' counterparty credit and financial strength ratings to Singapore-based Chartis Singapore Insurance Pte. Ltd. (Chartis Singapore). The outlook is negative. "The ratings reflect the core status of Chartis Singapore to the
