SINGAPORE, Oct 9 (Bernama-BUSINESS WIRE)-- A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Lonpac Insurance Bhd (Lonpac) (Malaysia). The outlook on both ratings is stable.
The ratings acknowledge Lonpac’s excellent operating performance and strong business profile. Risk-adjusted capitalization as measured by Best’s Capital Adequacy Ratio has strengthened on the back of lower underwriting leverage.
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