Kuala Lumpur, 30 October 2014 – Fitch Ratings has affirmed Malaysian Reinsurance Berhad’s (Malaysian Re) Insurer Financial Strength rating (IFS) at ‘A’ with Stable outlook.
The affirmation reflects Malaysian Re’s well-maintained healthy financial fundamentals and sustained premium growth, coupled with strong capitalisation to support its market franchise leadership in Malaysia.
The Stable Outlook reflects Fitch’s expectation that Malaysian Re will maintain its sound financial performance, driven by a prudent and experienced management’s strong emphasis on bottom-line profitability rather than merely top-line growth.
A copy of the Press Release issued by Fitch Ratings dated 29 October 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.