Hang Seng Insurance Co. Ltd. - S&P Global Ratings’ Credit Research

Hang Seng Insurance Co. Ltd.

Hang Seng Insurance Co. Ltd. - S&P Global Ratings’ Credit Research
Hang Seng Insurance Co. Ltd.
Published Feb 12, 2014
2843 words — Published Feb 12, 2014
Price US$ 500.00  |  Buy this Report Now

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Abstract:

"Low" industry and country risk because of presence in Hong Kong's life insurance market. Strong competitive position underpinned by the company's strong brand and reputation and high level of control over distribution channels. Upper adequate capital and earnings. "Adequate" financial flexibility and an "intermediate" risk position. Parent group support because Hang Seng Insurance is a core subsidiary of HSBC group. Enterprise risk management is "adequate with strong risk control." The stable outlook on Hang Seng Insurance Co. Ltd. mirrors the outlook on The Hongkong and Shanghai Banking Corp. Ltd. (HSBC Asia Pacific: AA-/Stable/A-1+; cnAAA/cnA-1+). This reflects our belief that the insurer will remain a "core" subsidiary of the parent banking group and benefit from the potential government support to HSBC

  
Brief Excerpt:

RESEARCH Hang Seng Insurance Co. Ltd. Publication date: 12-Feb-2014 Primary Credit Analyst: Anna Kong, FSA, FRM, Hong Kong (852) 2533-3571; anna.kong@standardandpoors.com Secondary Contact: Terry Sham, CFA, FRM, Hong Kong (852) 2533-3590;...

  
Report Type:

Full Report

Ticker
HSICLZ@HK
Issuer
Hang Seng Insurance Co. Ltd.
GICS
Multi-line Insurance (40301030)
Sector
Global Issuers
Country
Hong Kong
Region
Europe, Middle East, Africa
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Hang Seng Insurance Co. Ltd." Feb 12, 2014. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Hang-Seng-Insurance-Co-Ltd-1257707>
  
APA:
S&P Global Ratings’ Credit Research. (). Hang Seng Insurance Co. Ltd. Feb 12, 2014. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Hang-Seng-Insurance-Co-Ltd-1257707>
  
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