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KUALA LUMPUR, Aug 21 (Bernama) -- MNRB Holdings Bhd’s net profit rose to RM183.75 million in the first quarter ended June 30, 2026 (1Q FY2027) from RM168.43 million in 1Q 2026 due to better contributions from the reinsurance, family takaful and retakaful businesses.
KUALA LUMPUR, Aug 17 (Bernama) -- Global credit rating agency, AM Best has withdrawn the credit ratings of Malaysia’s Zhibao Labuan Reinsurance Company Limited (Zhibao Re), as the company has chosen not to participate in AM Best’s interactive rating process for the time being, in light of an investor transition.
KUALA LUMPUR, Aug 10 (Bernama) -- Global reinsurers are facing increased pressure on pricing as strong earnings since 2023 have driven capital to record levels, raising questions over whether underwriting discipline can be maintained amid growing competition, according to a new report by AM Best.
KUALA LUMPUR, Aug 5 (Bernama) -- MNRB Holdings Bhd’s share price skyrocketed 9.7 per cent on Wednesday morning after it announced the divestment of its takaful business to Bank Rakyat for RM1.64 billion in cash.
KUALA LUMPUR, Aug 4 (Bernama) -- MNRB Holdings Bhd has proposed to divest its 100 per cent equity interest in its wholly-owned units, Takaful Ikhlas Family Bhd (Takaful IKHLAS Family) and Takaful Ikhlas General Bhd (Takaful IKHLAS General), to Rakyat Nominees Sdn Bhd for RM1.64 billion in cash, subject to adjustments.
KUALA LUMPUR, July 27 (Bernama) -- Global credit rating agency, AM Best has maintained its stable outlook on Vietnam’s non-life insurance segment, citing robust demand, technology adoption and healthy macroeconomic factors.
KUALA LUMPUR, July 22 (Bernama) -- Global credit rating agency, AM Best has assigned a financial strength rating of B+ (Good), a long-term issuer credit rating of “bbb-” (Good) and a Philippines National Scale Rating of aa.PH (Superior) to MAAGAP Insurance Inc (MAAGAP).
KUALA LUMPUR, July 16 (Bernama) -- AM Best has upgraded the financial strength rating of The People's Insurance Company of China (Hong Kong) Ltd (PICC HK) to A (Excellent) from A- (Excellent) and the long-term issuer credit rating to “a” (Excellent) from “a-” (Excellent).
KUALA LUMPUR, July 10 (Bernama) -- Global credit rating agency, AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) to China Ping An Insurance (Hong Kong) Company Limited (CPAHK).
KUALA LUMPUR, July 3 (Bernama) -- The Central Administration Bureau (CAB) has launched CAB 2.0, the enhanced cloud-based version of its Central Administration Bureau Facultative (CABFAC) system, to support the digital transformation of Malaysia's insurance and reinsurance industry.
KUALA LUMPUR, June 18 (Bernama) -- National reinsurer Malaysian Reinsurance Bhd (Malaysian Re) and China Reinsurance Life Insurance Company Ltd (China Re Life) have signed a landmark reinsurance treaty to support the first dedicated reinsurance framework for cancer precision medicine (CPM) treatment coverage in Malaysia.
KUALA LUMPUR, June 18 (Bernama) -- The Fortegra Group Inc, a global speciality insurer, has appointed Anthony Katz as senior vice president (SVP), reserving, strengthening the speciality insurer’s actuarial leadership as it expands its reserving and reporting capabilities.
