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Malaysian Reinsurance remains focused on gradually expanding its overseas business while reducing dependence on local business for growth, says Fitch Ratings. The share of overseas business grew to 52% of gross premiums in the financial year ended 31 March 2023 [FY2023] (FY2022: 48%), overtaking
Fitch Ratings has affirmed W. R. Berkley Corporation's property/casualty operating subsidiaries Insurer Financial Strength ratings at 'AA-' , its holding company ratings, including the Issuer...
Germany's ERGO Group, owned by reinsurance giant Munich Re, has injected CNY882m ($122m) in capital into Taishan Property & Casualty Insurance, raising the insurer's comprehensive solvency ratio to 312% and 282% by end-2022 and end-2Q23, respectively, from 200% in March 2022, notes Fitch Ratings.
Fitch Ratings has affirmed the ratings of RenaissanceRe Holdings Ltd. and its subsidiaries, including the Insurer Financial Strength rating of Renaissance Reinsurance Ltd. at 'A+' (Strong) and RNR's s...
/PRNewswire/ -- S&P Global Ratings ("S&P") has today assigned a 'AA' foreign currency long-term issuer credit rating to the Arab Bank for Economic Development...