pstrongspan style="font-size:11pt; font-variant:normal; white-space:pre-wrap"span style="font-family:Arial,sans-serif"span style="color:#000000"span style="font-weight:700"span style="font-style:normal"span style="text-decoration:none"S&P Global Ratings said the insurer will remain highly strategic.
MSIG Insurance Singapore is forecasted to have a stable outlook, with expected continuous support for the next two years from its parent, Mitsui Sumitomo Insurance .
The insurer’s financial strength rating reflects the support MSI, which provides the company a form of a guarantee on its insurance policy obligations. The ratings agency therefore equalises its rating on MSIG Singapore with that on MSI.MSIG Singapore was also perceived to underpin the group’s regional growth efforts and has been consistent in delivering P&C returns in Singapore.
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