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BEST ASSIGNS RATINGS TO MALAYSIAN REINSURANCE BERHAD.
(Full text of a statement. Contact details below.)
OLDWICK, N.J.--(BUSINESS WIRE)--Oct 31, 2006--A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and an issuer credit rating (ICR) of "a-" to Malaysian Reinsurance Berhad (Malaysian Re).
The outlook for both ratings is stable.
The ratings reflect the company's excellent underwriting performance with limited volatility, well-established presence in the insurance market in Malaysia and low catastrophe exposure.
Malaysian Re has an excellent underwriting performance.
The company has consistently achieved an underwriting profit over the past ten years.
Malaysian Re invests over 50% of its total assets in cash and fixed income securities which have provided a stable income stream.
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Source: HighBeam Research, BEST ASSIGNS RATINGS TO MALAYSIAN REINSURANCE BERHAD.