SINGAPORE, Nov 4 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating ofA (Excellent) and the Long-Term Issuer Credit Rating of “a” of Lonpac Insurance Bhd (Lonpac) (Malaysia). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Lonpac’s balance sheet strength, which AM Best categorizes as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).