A.M. Best Affirms Credit Ratings of Malaysian Reinsurance Berhad
The ratings reflect Malaysian Re’s balance sheet strength, which
The company’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), is supported by low underwriting leverage and a conservative investment portfolio. Malaysian Re’s operating performance is supported by a steady stream of investment income, which has mitigated fluctuations in its underwriting results. Underwriting margins for full-year 2018 and the first quarter ending
Malaysian Re benefits from a regulated cession arrangement in
Positive rating actions are unlikely in the near term. Negative rating pressure could occur from a deterioration in operating performance or business profile.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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