Chubb Insurance South Africa Limited

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Chubb Insurance South Africa Limited (2021-09)
  • Chubb Insurance South Africa Limited
  • Year : Sep 2021
3 Tokens
USD 300.00

Risk adjusted capitalisation was maintained within a strong range over the review period, supported by a large capital base catering for well contained exposures to insurance and market risks. Following earnings moderation emanating from the COVID-19 exposure, the regulatory Solvency Capital Requirement (“SCR”) coverage reduced to 1.8x at FY20 (FY19: 2.2x), although this is expected to recover to historical levels in FY21, supported by internal capital generation and contained dividend distributions.

Additional Information

The Stable Outlook reflects the expected recovery in earnings to historical levels, while risk adjusted capitalisation and liquidity metrics may be maintained within a strong range. The rating may be upgraded on an improvement in market position while maintaining strong risk adjusted capitalisation and liquidity.

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