A.M. Best Affirms Credit Ratings of Hotai Insurance Co., Ltd.

HONG KONG–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Hotai Insurance Co., Ltd. (Hotai Insurance) (Taiwan). The outlook of these Credit Ratings (ratings) is stable. Hozan Investment Co., Ltd., a wholly owned subsidiary of Ho Tai Motor Co., Ltd. (Ho Tai Motor), completed its acquisition of Zurich Insurance Taiwan on Jan. 17, 2017, and changed the name to Hotai Insurance on March 1, 2017. Ho Tai Motor,