Hong Kong: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of 'a-' (Excellent) for FuSure Reinsurance Company Limited (FuSure) in Hong Kong. The outlook for these credit ratings remains stable, indicating a positive evaluation of the company's financial health and operational capabilities.

According to BERNAMA News Agency, the ratings reflect FuSure's robust balance sheet strength, which AM Best classifies as very strong. This assessment is supported by FuSure's adequate operating performance and its limited but focused business profile. The company's enterprise risk management practices are deemed appropriate, contributing to the overall stability of its ratings.

FuSure benefits from both implicit and explicit support from its ultimate parent company, Tencent Holdings Limited. This support encompasses various aspects, including capital provision, business development initiatives, investment strategies, risk management, and operational assistance. Such backing from Tencent enhances FuSure's capacity to maintain its financial and operational stability in the competitive reinsurance market.