AM Best: positive outlook for Asian Re

AM Best has confirmed Asian Reinsurance Corporation's (Asian Re) financial strength rating of "B+" (Good) and long-term credit rating of "bbb-" (Good). The outlook for both ratings was upgraded from stable to positive.

The rating reflects the Thai reinsurer's strong balance sheet, operating performance, business profile and appropriate enterprise risk management.

This upward revision of the outlook is motivated by the expected improvement in the company's underwriting metrics and operating performance, following the successful implementation of its medium-term business plan.