AXA Hong Kong is proud to announce that AXA China Region Insurance Co. (Bermuda) Ltd. and AXA China Region Insurance Co. Ltd., together forming AXA Hong Kong Life, has, for the first time, received a “AA-” local currency long-term financial strength and counterparty credit ratings with a “stable outlook” from Standard & Poors (S&P), one of the most influential credit rating organisations in the world. AXA Hong Kong Life also received S&P’s “cnAAA” long-term Greater China regional scale rating. The ratings reaffirm AXA Hong Kong Life’s leading position as one of the largest life insurers in the city and as a key contributor to its parent, AXA Group.

As the core subsidiary of AXA Group, AXA Hong Kong has a strong presence in a high-growth and profitable segment of the Asia region, while delivering strong value. Commenting on the ratings, Mr. Stuart Harrison, Chief Executive Officer of AXA Hong Kong, said, “We are proud that AXA Hong Kong Life has been accredited with the strong ratings assigned by S&P's, which is a testament to the robust financial strength of our life insurance business. Not only have we made solid achievements among the market players, we also maintained sustainable growth and top positions in the competitive and fast-growing insurance market in Hong Kong. With the affirmation from S&P, we will continue to embrace growth opportunities leveraging our brand, innovative product offerings, strong distribution and management, taking the company to new heights for all stakesholders.”

S&P Global Ratings, an international ratings agency, expects AXA Hong Kong Life to remain integral to the Group’s expansion strategy in the high-growth life and saving markets globally, where Hong Kong will continue to stand out as one of the key contributors to profit and new business value.

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