Fitch Ratings affirmed Malaysian Reinsurance Bhd's (Malaysian Re) Insurer Financial Strength (IFS) Rating at 'A' with Stable Outlook.
The ratings agency said on Friday the rating affirmation reflected Malaysian Re's solid capitalisation to withstand adverse shocks, stable financial fundamentals and strong market franchise in Malaysia.
The rating also takes into account its smaller absolute market size and limited geographical diversification compared with global peers, as well as potential catastrophe exposure in its foreign business portfolio amid intense market competition.
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The ratings agency said on Friday the rating affirmation reflected Malaysian Re's solid capitalisation to withstand adverse shocks, stable financial fundamentals and strong market franchise in Malaysia.
The rating also takes into account its smaller absolute market size and limited geographical diversification compared with global peers, as well as potential catastrophe exposure in its foreign business portfolio amid intense market competition.
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