Press Releases - Category: Insurance Company
Displaying 1-10 of 22 results.
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 ...

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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 83 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 164 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 206 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 362 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 377 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 681 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 410 times.
Tuesday, Oct 25, 2011
MARC has assigned an insurer financial strength rating of AA- on Malaysia’s national rating scale to Luxembourg-based Atlanticlux Lebensversicherung S.A. (ATL). ATL's insurer financial strength rating incorporates its satisfactory operating performance and comfortable solvency position that is supported by its focus on low capital-intensity investment-linked life insurance business and signi...

This article has been viewed 494 times.
Thursday, Sep 04, 2008
MARC has withdrawn the A+ voluntary insurer financial strength rating assigned to Kurnia Insurans (Malaysia) Berhad (“Kurnia”) with immediate effect. The rating has been withdrawn at Kurnia’s request and accordingly MARC has no further rating obligations on Kurnia.Contact: Dr Yuen Boon Jching 03-2090 2249/ yuenbj@marc.com.my4th Sept 2008 ...

This article has been viewed 418 times.