Kuala Lumpur, 08 February 2012 – Fitch Ratings has today affirmed Malaysian Reinsurance Berhad (Malaysian Re) Insurer Financial Strength rating (IFS) at ‘A’. Fitch Ratings also confirmed the Outlook is Stable.
The affirmation reflects Malaysian Re''s sustained premium growth and consistently robust financial performance. It also factors in its strong market franchise in Malaysia, as well as its continued sound capital position relative to its business profile.
A copy of the Press Release issued by Fitch Ratings dated 8 February 2012 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.