MetLife Hong Kong Assigned “A+” Financial Strength & Credit Rating from Standard & Poor's
January 20 2016 - 9:00PM
Business Wire
MetLife Limited (“MetLife Hong Kong”)*, a wholly-owned
subsidiary of MetLife, Inc., the #1 US life insurer^, announced
today that it has been assigned an “A+” rating with a stable
outlook from Standard & Poor’s Ratings Services (“Standard
& Poor's”). MetLife continues to grow its position in Hong
Kong, expanding its relationship with the market’s high-net-worth
and mid-affluent consumers.
This rating update follows MetLife Hong Kong's achievement as
Company of the Year (Insurance) by the prestigious BENCHMARK Wealth
Management Awards 2015.
Mr. Lennard Yong, Chief Executive Officer of MetLife Hong Kong,
said, “Standard & Poor’s has recognized MetLife Hong Kong as a
strategically important subsidiary to MetLife, Inc. We are very
pleased to receive this strong credit rating assigned by Standard
& Poor's. The “A+” rating is a testament to our financial
strength, our globally diversified investment and risk management
strategy. Our commitment to delivering innovative products and
services to our customers is the key driving force behind our
business growth and expansion in Hong Kong. MetLife Hong Kong is
driving a growth agenda in the market, and we welcome Standard
& Poor’s release which underscores the financial stability of
our business.”
By leveraging the scale as well as the global risk management
and investment expertise that its US corporate home office has
built up over nearly 150 years, MetLife Hong Kong further gains a
competitive advantage in investment results with broadened access
to a range of asset classes and capabilities of USD asset trading,
US securities selection and credit research.
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and
affiliates (“MetLife”), is one of the largest life insurance
companies in the world#. Founded in 1868, MetLife is a global
provider of life insurance, annuities, employee benefits and asset
management. Serving approximately 100 million customers, MetLife
has operations in nearly 50 countries and holds leading market
positions in the United States, Japan, Latin America, Asia, Europe
and the Middle East. For more information about MetLife Hong Kong,
visit www.metlife.com.hk.
*MetLife Limited (“MetLife Hong Kong”) is a wholly-owned
subsidiary of MetLife, Inc. in Hong Kong and a private company
limited by shares incorporated and registered under the applicable
laws in Hong Kong. MetLife Limited is an authorized insurer
carrying long term business in Hong Kong.
^Axco Global Statistics 2014
#Based on non-banking assets according to A.M. Best research
2012 data, Best’s Review July 2014
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version on businesswire.com: http://www.businesswire.com/news/home/20160120006585/en/
The Hoffman AgencyJanniefer Chan, (852)
2231-8119jachan@hoffman.comorMetLife Hong KongSunshine Farzan,
(852) 2199-1821sfarzan@metlife.com
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