Fitch Ratings has affirmed Malaysian Reinsurance Berhad’s (Malaysian Re) Insurer Financial Strength (IFS) rating of ‘A’ (Strong) with a Stable Outlook.The affirmation reflects Malaysian Re's 'Very Strong' capital buffer and sustained financial performance. It also takes into consideration its 'Moderate' company profile and challenges in managing potential volatility in underwriting performance, especially in its overseas business.14 December 2022
A.M. Best has re-affirmed Malaysian Re’s Financial Strength Rating (“FSR”) of “A-” (Excellent) and an Issuer Credit Rating of “a-”. A.M. Best also confirmed the outlook for both ratings as Stable.The ratings reflect Malaysian Re’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.6 Dec 2022
Malaysian Re was first rated by Fitch Ratings and A.M. Best in 2006.