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June 19, 2024

Malayan Insurance maintains B++ rating

The insurance firm’s financial strength received a “Good” rating backed by adequate business performance.

Malayan Insurance Co. Inc. has upheld its AM Best financial strength rating of B++ (Good) and the long-term issuer credit rating of “bbb+” (Good) for the year. The form also maintained its “stable” outlook amid the pandemic’s impact on the local economy. The report said the said affirmation reflect the firm’s strong balance sheet, adequate operating performance, and sound enterprise risk management.