Press Releases - Category: Insurance Company
Displaying 1-10 of 27 results.
Friday, Sep 10, 2021
MARC has affirmed its insurer financial strength rating of AA+ with a stable outlook on International General Insurance Co Ltd (IGI). The Bermuda-based insurer’s strong premium growth, well-diversified underwriting portfolio and strong capitalisation remain key rating drivers. A key moderating factor is IGI’s moderate asset size which stood at US$1.3 billion as at end-2020.IGI is a specialty i...

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Tuesday, Oct 06, 2020
MARC has affirmed its insurer financial strength rating of AA+ with a stable outlook on International General Insurance Co Ltd (IGI).The affirmed rating is mainly driven by IGI’s well-diversified underwriting portfolio across business lines and geographies as well as its strong capitalisation level to support growth. These strengths are underscored by a prudent approach to reserving policy....

This article has been viewed 309 times.
Friday, Sep 27, 2019
MARC has affirmed its insurer financial strength rating of AA+ with a stable outlook on International General Insurance Co Ltd (IGI). The rating affirmation is driven by IGI’s healthy capitalisation, sound liquidity profile and a well-diversified underwriting portfolio that has been able to withstand the impact of catastrophic events in 2017. IGI is a specialty insurer with total assets of...

This article has been viewed 372 times.
Tuesday, Aug 28, 2018
MARC has affirmed its insurer financial strength rating of AA+ with a stable outlook on International General Insurance Co Ltd (IGI). The rating affirmation reflects IGI’s strong capitalisation level and prudent reserving policy as well as proactive underwriting approach that have enabled the insurer to withstand the impact from periodic catastrophic events. Moderating the rating are the ...

This article has been viewed 550 times.
Friday, Nov 24, 2017
MARC has withdrawn its insurer financial strength rating of AA-/stable on Luxembourg-based FWU Life Insurance Lux S.A. (FWU Life) upon a request made by the insurance company. With the withdrawal, MARC will no longer provide analytical coverage on FWU Life. Contacts: Joan Leong, +603-2717 2934/ joan@marc.com.my; Sharidan Salleh, +603-2717 2954/ sharidan@marc.com.my. ...

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Monday, Jun 19, 2017
MARC has affirmed the insurer financial strength rating of AA+ on Bermuda-based International General Insurance Co. Ltd. (IGI) with a stable outlook. The rating is based on Malaysia’s national rating scale. The rating affirmation mainly reflects IGI’s strong capitalisation level and well-diversified portfolio, underpinned by a prudent underwriting approach. The rating is moderated by IGI’s ...

This article has been viewed 741 times.
Thursday, Feb 23, 2017
MARC has affirmed its insurer financial strength rating of AA- on Luxembourg-based FWU Life Insurance Lux S.A. (FWU Life) (formerly known as Atlanticlux Lebensversicherung S.A.). The outlook on the rating has been revised to stable from developing. The outlook revision follows the merger cancellation between FWU Life and Skandia Lebensversicherung AG (Skandia Austria). The parent company, FW...

This article has been viewed 743 times.
Thursday, May 26, 2016
MARC has affirmed its insurer financial strength rating of AA+ on Bermuda-based International General Insurance Co. Ltd. (IGI) with a stable outlook. The rating is based on Malaysia’s national rating scale. The rating affirmation reflects mainly IGI’s strong capitalisation level and well-diversified portfolio, underpinned by a prudent underwriting approach. The rating is moderated by IGI’s ...

This article has been viewed 808 times.
Thursday, Dec 31, 2015
MARC has affirmed its insurer financial strength rating of AA- on Luxembourg-based Atlanticlux Lebensversicherung S.A. (ATL). The rating is based on the Malaysian national rating scale. The affirmed rating reflects ATL’s low business risk of primarily underwriting unit-linked life insurances, its low retention of mortality risk and steady profitability track record. These positive factors are m...

This article has been viewed 819 times.
Wednesday, Apr 22, 2015
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 bus...

This article has been viewed 943 times.