A.M. Best Comments on Credit Ratings of Hanwha General Insurance Company Limited

HONG KONG–(BUSINESS WIRE)–A.M. Best has commented that the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Hanwha General Insurance Company Limited (HGI) (South Korea) are unchanged following HGI’s announcement on Sept. 8, 2017, that it will raise capital through a new share issuance worth about KRW 215 billion (USD 190 million). The new shares will be offered to existing shareholders, including the public and HGI’s ultimate parent company, Hanwha