Press Releases - Category: Insurance Company
Displaying 21-29 of 29 results.
Wednesday, Oct 12, 2005
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...

This article has been viewed 1189 times.
Monday, Jan 24, 2005
Kurnia Insurans (Malaysia) Berhad’s (Kurnia) insurance 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...

This article has been viewed 1317 times.
Tuesday, Nov 02, 2004
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...

This article has been viewed 1062 times.
Friday, May 28, 2004
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 the market. ...

This article has been viewed 1268 times.
Thursday, Oct 30, 2003
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...

This article has been viewed 1171 times.
Tuesday, Jun 10, 2003
The ‘A’ general insurance financial strength rating of Kurnia Insurans (Malaysia) Berhad (Kurnia) reflects the Company’s leading market position in the Malaysian general underwriting market, its strong business franchise, large distribution network and stringent claims controls. Moderating features include a high underwriting concentration in motor lines, the somewhat limitations of the Com...

This article has been viewed 1155 times.
Monday, May 13, 2002
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...

This article has been viewed 1407 times.
Friday, Apr 12, 2002
MARC has affirmed the general insurance financial strength rating of Kurnia Insurans (Malaysia) Berhad (Kurnia) at A (single A flat) reflecting the company’s leading market position in the Malaysian market, its strong business franchise particularly in the motor insurance market, its large distribution network and stringent claims controls. Moderating features include a high underwriting concen...

This article has been viewed 1268 times.
Tuesday, May 16, 2000
MARC has affirmed the general insurance financial strength rating of Kurnia Insurans (Malaysia) Berhad (Kurnia) at A (Single A) based on the company’s leading market position, strong agency network, conservative investment strategy, tight premium accountability and stringent claims controls. A moderating factor is the high vulnerability of the motor business to adverse developments in the econo...

This article has been viewed 1210 times.