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 consistently profitable financial performance. This also takes into account its ‘Moderate’ business role compared with its reinsurance peers and challenges in managing potential volatility in underwriting performance, especially from its overseas business.2 Feb 2021
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 categorises as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).9 Dec 2021
Note: Malaysian Re was first rated by Fitch Ratings and A.M. Best in 2006.