KUALA LUMPUR, Jan 23 (Bernama) -- AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Malaysian Reinsurance Berhad (Malaysian Re), with a stable outlook of these credit ratings (ratings).
KUALA LUMPUR, Jan 22 (Bernama) -- Bank Negara Malaysia (BNM) will strengthen regulatory requirements for all medical and health insurance/takaful (MHIT) products following the introduction of a standardised base MHIT plan, aimed at improving consumer protection and ensuring long-term premium sustainability, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
KUALA LUMPUR, Jan 21 (Bernama) -- Efinity, a software provider for insurance distribution and operations, announced it is powering the launch of PRISM, a newly established managing general agent (MGA) with operations in Singapore and Hong Kong.
KUALA LUMPUR, Jan 19 (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 The Japan Ship Owners’ Mutual Protection & Indemnity Association (Japan P&I), with a stable outlook.
KUALA LUMPUR, Jan 14 (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 of aaa.VN (Exceptional) of Vietnam’s Post-Telecommunication Joint Stock Insurance Corporation (PTI).
KUALA LUMPUR, Jan 13 (Bernama) -- Great American Insurance Group has appointed Nattakorn (Natt) Wattanaumphaipong as Senior Director, Technical Underwriting for the Singapore Branch of its flagship insurer, Great American Insurance Company.
KUALA LUMPUR, Dec 22 (Bernama) -- Global credit rating agency, AM Best has revised the outlooks to positive from stable and affirmed the financial strength rating of B++ (Good) and a long-term issuer credit rating of “bbb+” (Good) of Hong Kong’s Min Xin Insurance Company Limited (MXIC).
KUALA LUMPUR, Dec 18 (Bernama) -- Hong Kong’s non-life insurance industry has shown an ability to sustain profitable underwriting over the past five years, supported by the performance in the general liability and property damage lines of business, according to a new AM Best report.
KUALA LUMPUR, Dec 16 (Bernama) -- Global credit rating agency, AM Best has maintained the stable outlook on Malaysia’s non-life insurance segment, citing regulatory initiatives designed to increase insurance penetration and phased de-tariffication of motor and fire insurance.
KUALA LUMPUR, Dec 16 (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 Korean Reinsurance Company (KRE).
KUALA LUMPUR, Dec 12 (Bernama) -- AM Best has affirmed the financial strength rating of B++ (Good) and the long-term issuer credit rating of “bbb+” (Good) of Malaysia’s Tune Protect Re Ltd (TPR) with a stable outlook on these credit ratings (ratings).
KUALA LUMPUR, Dec 12 (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 China’s Qianhai Reinsurance Co Ltd (QHR).
