AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
A.M. BEST AFFIRMS RATINGS OF LONPAC INSURANCE BHD.
(Full text of a statement. Contact details below.)
(BW)(NJ-A.M.-BEST) A.M. Best Affirms Ratings of Lonpac Insurance Bhd
Insurance Writers
OLDWICK, N.J.--Sep. 30, 2008--A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) of "a-" of Lonpac Insurance Bhd (Lonpac) (Malaysia). The outlook for both ratings is stable.
The ratings reflect the company's track record of profitable operation, diversified business composition and solid distribution capability.
Lonpac has a strong track record of profitable operation over the last five years. Due to the favorable claim experience and stable expense ratio, Lonpac recorded a steady improvement in its underwriting margin.
The company's combined ratios averaged 78.7% over the last five years through 2007. Improving underwriting results coupled with a stable stream of investment earnings contributed to a significant increase in Lonpac's return on equity from 15.2% in 2003 to 38.9% in 2007.
- A.M. Best Affirms Ratings of Lonpac Insurance Bhd
- Newspaper article from: Wireless News September 16, 2009 700+ words
...News 09-16-2009 A.M. Best Affirms Ratings of Lonpac Insurance Bhd Type: News A.M. Best Co. has affirmed the financial...and issuer credit rating (ICR) of "a-" of Lonpac Insurance Bhd (Lonpac) (Malaysia). The outlook for both ratings...
- A.M. Best Affirms Ratings of Lonpac Insurance Bhd.
- Press release article from: Business Wire September 30, 2008 700+ words
...affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) of "a-" of Lonpac Insurance Bhd (Lonpac) (Malaysia). The outlook for both ratings is stable. The ratings reflect the company's track record...
- A.M. Best Assigns Ratings to Lonpac Insurance Bhd.
- Press release article from: Business Wire November 1, 2007 700+ words
...Best Co. has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of "a-" to Lonpac Insurance Bhd (Malaysia). The outlook for both ratings is stable. The ratings reflect Lonpac's track record of profitable...
- A.M. BEST ASSIGNS RATINGS TO LONPAC INSURANCE BHD.
- News wire article from: AsiaPulse News November 2, 2007 700+ words
...A.M.-BEST) A.M. Best Assigns Ratings to Lonpac Insurance Bhd Business Editors OLDWICK, N.J.--(BUSINESS...Excellent) and an issuer credit rating of "a-" to Lonpac Insurance Bhd (Malaysia). The outlook for both ratings is stable...
- AM Best keeps Lonpac Insurance's A- FSR.
- News wire article from: ADP Debt News September 15, 2009 700+ words
...excellent) financial strength rating (FSR) and the "a-" issuer credit rating (ICR) on Malaysian company Lonpac Insurance Bhd. The ratings carry a "stable" outlook. The ratings reflect Lonpac's adequate capitalisation and its ability...
- British-American Insurance Co. completes sale of "BALGI." (British-American...
- Press release article from: PR Newswire March 17, 1989 700+ words
BRITISH-AMERICAN INSURANCE CO. COMPLETES SALE OF "BALGI" RALEIGH, N.C., March 17 /PRNewswire/ -- British-American Insurance Company Limited, a company incorporated and based in the Bahamas, announces the completion of the sale of its remaining 29.06 percent interest in British-American Life and
- BUSINESS WIRE DAILY SUMMARY - SEPT 30, 2008.
- News wire article from: AsiaPulse News October 1, 2008 700+ words
...Code: Insurance A.M. BEST AFFIRMS RATINGS OF LONPAC INSURANCE BHD A.M. Best Co. has affirmed the financial strength...and the issuer credit rating (ICR) of "a-" of Lonpac Insurance Bhd (Lonpac) (Malaysia). The outlook for both ratings...
- Rating actions.(Ratings)(Statistical table)
- Magazine article from: Best's Review January 1, 2008 700+ words
...Karlshamns Re AG in Liquidation 75589 NR-5 F Switzerland Lloyd Adriatico S.p.A. 85681 NR-5 A+ Italy New Lonpac Insurance Bhd 89132 A- NR-5 Malaysia New National Reinsurance Corp of 86771 B++ NR-5 Philippines Philippines Scottish...
Source: HighBeam Research, A.M. BEST AFFIRMS RATINGS OF LONPAC INSURANCE BHD.