S&P lifts Hanwha Life, Hanwha General Insurance ratings on overseas growth

Global credit rating agency S&P Global Ratings has upgraded the financial strength ratings of Hanwha Life Insurance and Hanwha General Insurance to A+ from A, citing stronger financial fundamentals, stable profitability and growing contributions from overseas businesses. The ratings agency assigned a stable outlook to both insurers, according to Hanwha General Insurance on Friday. S&P said the upgrade reflects the strengthened capital position and earnings stability of Hanwha Group's insurance o

By The Korea Herald