KUALA LUMPUR, Sept 29 (Bernama) -- AM Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a” (Excellent) to Samsung Property & Casualty Insurance Company (China) Ltd (Samsung P/C China). The outlook for both credit ratings (ratings) is stable.
KUALA LUMPUR, Sept 23 (Bernama) — Ireka Corporation Bhd (ICB) has defaulted on loan repayments totalling RM1.04 million owed to Hong Leong Bank Bhd (HLBB) and AmBank (M) Bhd.
KUALA LUMPUR, Sept 19 (Bernama) -- AM Best has affirmed the financial strength rating (FSR) of A++ (Superior) and the long-term issuer credit ratings (Long-Term ICR) of “aa+” (Superior) of South Korea’s Samsung Fire & Marine Insurance Co Ltd (SFM) and its subsidiaries in the United Kingdom, Vietnam and Singapore.
KUALA LUMPUR, Sept 2 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Macau Insurance Company Limited (MIC).
KUALA LUMPUR, June 4 (Bernama) -- The stable outlook on South Korea’s non-life insurance segment has been maintained by AM Best, noting a continued refinement of the country’s domestic solvency standards that have helped strengthen insurers’ capital management.
KUALA LUMPUR, May 16 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of B+ (Good) and the long-term issuer credit rating of “bbb-” (Good) of New Zealand’s Pinnacle Life Limited (Pinnacle Life).
KUALA LUMPUR, May 14 (Bernama) -- Global credit rating agency, AM Best has maintained a stable outlook on Japan’s non-life insurance industry, supported by improved profitability in the fire insurance segment and tighter regulatory oversight aimed at driving market reforms.
KUALA LUMPUR, May 9 (Bernama) -- AM Best has affirmed the financial strength rating of B++ (Good), the long-term issuer credit rating of “bbb+” (Good), and the Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) of Vietnam National Reinsurance Corporation (VINARE), with a stable outlook.
KUALA LUMPUR, April 29 (Bernama) -- AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of "a-" (Excellent) of New Zealand’s Tower Limited (Tower), with the outlook for both credit ratings (ratings) assessed as stable.
KUALA LUMPUR, April 28 (Bernama) -- Global credit rating agency, AM Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a” (Excellent) to The Tokio Marine and Nichido Fire Insurance Company (China) Limited (TMNCH).
KUALA LUMPUR, March 29 (Bernama) -- Malaysia’s approach to retirement system reform by the Employees Provident Fund (EPF) has been cited by the World Economic Forum (WEF) as a model for building long-term retirement systems in an emerging economy.
KUALA LUMPUR, March 24 (Bernama) -- Solvency and liquidity stress test exercises have re-affirmed that banks in the country remain highly resilient even in the face of severe macroeconomic, financial, and liquidity shocks.
