FITCH RATINGS AFFIRMS ‘A’ RATINGS OF MALAYSIAN REINSURANCE BERHAD

26 Mar 2014

Kuala Lumpur, 26 March 2014 – Fitch Ratings has affirmed Malaysian Reinsurance Berhad’s (Malaysian Re) Insurer Financial Strength rating (IFS) at ‘A’.  Fitch Ratings also confirmed the Outlook is Stable.
 
The affirmation takes into consideration Malaysian Re’s healthy financial fundamentals, as manifested by its sustained premium growth, consistently healthy financial performance and solid market franchise in Malaysia.
 
The Stable Outlook reflects Fitch’s expectation that Malaysian Re will maintain its sound financial performance, with the management placing strong emphasis on bottom-line profitability as opposed to mere top-line growth.
 
A copy of the Press Release issued by Fitch Ratings dated 25 March 2014 is attached.
 
Malaysian Re is Malaysia’s leading reinsurance company and is a wholly-owned subsidiary of MNRB Holdings Berhad (MNRB).  
 
Fitch Ratings is a leading global rating agency with dual-headquarters in New York and London covering entities in more than 90 countries, including IFS ratings on over 2,000 insurance companies. Fitch Ratings first rated Malaysian Re in 2006.