Press Releases - Category: Insurance Company
Displaying 1-10 of 24 results.
Tuesday, Aug 28, 2018
MARC has affirmed its insurer financial strength rating of AA+ with a stable outlook on International General Insurance Co Ltd (IGI). The rating affirmation reflects IGI’s strong capitalisation level and prudent reserving policy as well as proactive underwriting approach that have enabled the insurer to withstand the impact from periodic catastrophic events. Moderating the rating are the ...

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Friday, Nov 24, 2017
MARC has withdrawn its insurer financial strength rating of AA-/stable on Luxembourg-based FWU Life Insurance Lux S.A. (FWU Life) upon a request made by the insurance company. With the withdrawal, MARC will no longer provide analytical coverage on FWU Life. Contacts: Joan Leong, +603-2717 2934/ joan@marc.com.my; Sharidan Salleh, +603-2717 2954/ sharidan@marc.com.my. ...

This article has been viewed 168 times.
Monday, Jun 19, 2017
MARC has affirmed the insurer financial strength rating of AA+ on Bermuda-based International General Insurance Co. Ltd. (IGI) with a stable outlook. The rating is based on Malaysia’s national rating scale. The rating affirmation mainly reflects IGI’s strong capitalisation level and well-diversified portfolio, underpinned by a prudent underwriting approach. The rating is moderated by IGI’s ...

This article has been viewed 286 times.
Thursday, Feb 23, 2017
MARC has affirmed its insurer financial strength rating of AA- on Luxembourg-based FWU Life Insurance Lux S.A. (FWU Life) (formerly known as Atlanticlux Lebensversicherung S.A.). The outlook on the rating has been revised to stable from developing. The outlook revision follows the merger cancellation between FWU Life and Skandia Lebensversicherung AG (Skandia Austria). The parent company, FW...

This article has been viewed 293 times.
Thursday, May 26, 2016
MARC has affirmed its insurer financial strength rating of AA+ on Bermuda-based International General Insurance Co. Ltd. (IGI) with a stable outlook. The rating is based on Malaysia’s national rating scale. The rating affirmation reflects mainly IGI’s strong capitalisation level and well-diversified portfolio, underpinned by a prudent underwriting approach. The rating is moderated by IGI’s ...

This article has been viewed 373 times.
Thursday, Dec 31, 2015
MARC has affirmed its insurer financial strength rating of AA- on Luxembourg-based Atlanticlux Lebensversicherung S.A. (ATL). The rating is based on the Malaysian national rating scale. The affirmed rating reflects ATL’s low business risk of primarily underwriting unit-linked life insurances, its low retention of mortality risk and steady profitability track record. These positive factors are m...

This article has been viewed 404 times.
Wednesday, Apr 22, 2015
MARC has assigned an insurer financial strength rating of AA+ to Bermuda-based International General Insurance Co. Ltd. (IGI). The outlook on the rating is stable. The assigned rating reflects MARC’s assessment on the ability of IGI to meet its insurance obligations on Malaysia’s national rating scale. The rating considers IGI’s competitive underwriting capabilities, diverse bus...

This article has been viewed 560 times.
Tuesday, Jan 20, 2015
MARC has affirmed its insurer financial strength rating of AA- on Malaysian national rating scale on life insurer Atlanticlux Lebensversicherung S.A. (ATL). The outlook on the rating is stable. The affirmed rating is underpinned by ATL’s focus on underwriting relatively low-risk unit-linked life policies and maintaining a low retention of mortality risk. The rating is moderated by ATL&rsquo...

This article has been viewed 559 times.
Monday, Dec 09, 2013
MARC has assigned an insurer financial strength rating of AA- on Malaysia’s national rating scale to Luxembourg-based Atlanticlux Lebensversicherung S.A. (ATL). The primary driver for the rating is ATL’s focus on writing relatively low-risk unit-linked life policies and the life insurer’s low retention of mortality risks and guarantee risk on unit-linked business with guarantees....

This article has been viewed 849 times.
Friday, Nov 09, 2012
MARC has withdrawn its AA- insurer financial strength (IFS) rating on Atlanticlux Lebensversicherung S.A (Atlanticux) following the insurer's decision not to request for a review of the rating. An IFS rating assigned pursuant to a one-time rating engagement such as Atlanticlux's is valid only for a period of one year from the assignment of the rating. Upon withdrawal of Atlanticlux's IFS rating MA...

This article has been viewed 571 times.