A.M. Best Affirms Credit Ratings of Hyundai Marine & Fire 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 Hyundai Marine & Fire Insurance Co., Ltd. (HMF) (South Korea). The outlook of these Credit Ratings (ratings) is negative. The ratings reflect HMF’s balance sheet strength, which A.M. Best categorizes as strong, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management (ERM). Risk-adjusted