A.M. Best to set up shop in Singapore

International ratings agency A.M. Best subsidiary, A.M. Best Asia-Pacific (Singapore) Pte Ltd, has received a Capital Markets Services license from the Monetary Authority of Singapore to be a registered credit rating agency in Singapore.

“It is essential for A.M. Best, as the only international credit rating agency focused exclusively on the insurance industry, to be present in international re/insurance hubs,” said Roger Sellek, CEO, EMEA and Asia-Pacific. “As Singapore has grown to be a major re/insurance centre in the Asia-Pacific region, it is important for A.M. Best to have a local presence. Also, by being both in Hong Kong and Singapore, A.M. Best can be closer to, and deliver higher quality services to, our clients.”