MARC has assigned an insurer financial strength rating of AA+ to Bermuda-based International General Insurance Co. Ltd. (IGI). The outlook on the rating is stable. The assigned rating reflects MARC’s assessment on the ability of IGI to meet its insurance obligations on Malaysia’s national rating scale. The rating considers IGI’s competitive underwriting capabilities, diverse bu...

MARC has affirmed its insurer financial strength rating of AA- on the Malaysian national rating scale on life insurer Atlanticlux Lebensversicherung S.A. (ATL). The outlook on the rating is stable. The affirmed rating is underpinned by ATL’s focus on underwriting relatively low-risk unit-linked life policies and maintaining a low retention of mortality risk. The rating is moderated by ATL&...

MARC has assigned an insurer financial strength of AA- on Malaysia’s national rating scale to Luxembourg-based Atlanticlux Lebensversicherung S.A. (ATL). The primary driver for the rating is ATL’s focus on writing relatively low-risk unit-linked life policies and the life insurer’s low retention of mortality risks and guarantee risk on unit-linked business with guarantees. ATL sa...

MARC has assigned an insurer financial strength of AA- on Malaysia’s national rating scale to Luxembourg-based Atlanticlux Lebensversicherung S.A. (ATL). ATL's insurer financial strength rating incorporates its satisfactory operating performance and comfortable solvency position that is supported by its focus on low capital-intensity investment-linked life insurance business and significant ...

Lonpac Insurance Bhd’s (Lonpac) insurer financial strength rating has been reaffirmed at AA, with a Stable Outlook. The rating reflects the insurer’s reasonably well diversified business mix, excellent underwriting performance, disciplined underwriting, prudent reserving practices, and high quality investment portfolio. The rating is moderated by the vulnerability of the general insura...

Kurnia Insurans (Malaysia) Berhad’s (Kurnia) financial strength rating has been reaffirmed at A+ to reflect the Company’s expanding share of the local general insurance market; its ability to maintain its leadership position in the motor insurance segment and the realization of its premium growth target. However, Kurnia’s high business concentration on motor insurance continues...

The re-affirmed AA insurer financial rating of Lonpac Insurance Berhad (Lonpac) reflects the company’s record of underwriting discipline, its excellent liquidity and prudent capital management. The rating also factors Lonpac’s continued strategic emphasis on underwriting discipline and improving product diversity. Lonpac’s recent initiatives to broaden its product and distributio...

Kurnia Insurans (Malaysia) Berhad’s (Kurnia) financial strength rating has been affirmed at A+ to reflect the Company’s expanding share of the local general insurance market; its ability to maintain its leadership position in the motor insurance segment, realize its business strategies and improve its business operations; as well as its continuous efforts in introducing innovative p...

Lonpac Insurance Bhd’s (Lonpac) general insurance strength rating has been affirmed at AA based on the Company’s well-diversified insurance book; stewardship; strong distribution channels in particular, through the closely affiliated Public Bank group; relatively conservative investment policy; solid liquidity profile and adequate capitalization. These strengths, however, continued to ...

Kurnia Insurans (Malaysia) Berhad’s (Kurnia) general insurance strength rating has been upgraded to A+ to reflect the Company’s ability to maintain its leadership in the Malaysian motor insurance industry for the past eight consecutive years, realize its business strategies, improve its business operations, as well as its continuous success in introducing innovative products into th...