Malaysian Reinsurance BHD HAS stable financial outlook

KUALA LUMPUR: AM Best has affirmed the Financial Strength Rating of A- (excellent) and the Long-Term Issuer Credit Rating of ‘a-’ of Malaysian Reinsurance Bhd (Malaysian Re) Malaysia.

The global rating agency focused on the insurance industry said in a statement, the outlook of these credit ratings is stable.

The ratings reflect Malaysian Re’s balance sheet strength, which A.M. Best categorised as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

According to the statement, the company’s risk- adjusted capitalization, as measured by Best’s Capital Adequacy Ratio ( BCAR), is supported by low underwriting leverage and a conservative investment portfolio.

The insurance company operating performance is supported by a steady stream of investment income, which has mitigated fluctuations in its underwriting results. — Bernama