CORRECTING and REPLACING AM Best Assigns Credit Ratings to Bank of China Group Insurance Company Limited

HONG KONG–(BUSINESS WIRE)–Fourth paragraph, first sentence of release dated October 30, 2020, should read: BOCGIࢀ™s adequate operating performance is supported by a five-year average return-on-equity ratio of 8.4% (instead of BOCGIࢀ™s adequate operating performance is supported by a five-year average return-on-equity ratio of 8.1%). The updated release reads: AM BEST ASSIGNS CREDIT RATINGS TO BANK OF CHINA GROUP INSURANCE COMPANY LIMITED AM Best has assigned a Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of ࢀœa-ࢀ to the Bank of China Group Insurance Company Limited (BOCGI) (Hong Kong). The outlook assigned to these Credit Ratings (ratings)…