Chubb Insurance Singapore Ltd.

Highly strategic subsidiary of Chubb Group, resulting in likely group support. The rating on Chubb Insurance Singapore Ltd. (Chubb Singapore) reflects the important role the property and casualty (P/C) insurer plays in supporting the wider Chubb Ltd.'s (Chubb Group) strategy in Asia. We view Chubb Singapore as a highly strategic subsidiary of the group. The rating on Chubb Singapore is one notch lower than the group credit profile. We believe Chubb Singapore will continue to benefit from long-term support from the group in areas including underwriting, reinsurance, distribution, investment, and technology. The insurer is likely to maintain a satisfactory underwriting performance backed by the group's prudent risk control. It benefits from the parent group's strong risk management framework, with close

...The rating on Chubb Insurance Singapore Ltd. (Chubb Singapore) reflects the important role the property and casualty (P/C) insurer plays in supporting the wider Chubb Ltd.'s (Chubb Group) strategy in Asia. We view Chubb Singapore as a highly strategic subsidiary of the group. The rating on Chubb Singapore is one notch lower than the group credit profile. We believe Chubb Singapore will continue to benefit from long-term support from the group in areas including underwriting, reinsurance, distribution, investment, and technology. The insurer is likely to maintain a satisfactory underwriting performance backed by the group's prudent risk control. It benefits from the parent group's strong risk management framework, with close alignment between developments in Singapore and those at the regional office and the group level. Chubb Group is highly unlikely to divest its interest in Chubb Singapore, despite the insurer's small contribution in terms of capital and earnings. Chubb Singapore's strategic...

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