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MARC has withdrawn the AA insurer financial strength rating assigned to Lonpac Insurance Bhd (“Lonpac”) with immediate effect following Lonpac’s decision not to continue with the rating....
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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...
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MARC has reaffirmed its ‘AA’ insurer financial strength rating on Lonpac Insurance Berhad (Lonpac). The rating is based mainly on 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 br...
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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 be mode...
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MARC has upgraded the general insurance financial strength rating of Lonpac Insurance Berhad (Lonpac) from AA- (double AA minus) to AA (double AA flat) based on the insurer’s stable management style, a diversified premium base, its strategic link with the Public Bank group, a comparably conservative investment portfolio, manageable liquidity and sound capitalization base. These strengths are, h...
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MARC has reaffirmed the insurance financial strength rating of Lonpac Insurance Berhad (Lonpac) at AA- (double A minus) based on the insurer’s well spread book, its strategic links with the Public Bank group, a conservative investment portfolio, strong liquidity and sound capitalization. These strengths are moderated by the unfavourable motor loss ratios in the past two years.Lonpac is a medium...
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