AM Best removes Fubon Insurance from “under review” on recovery from Covid-19 lossesFebruary 6 2024 by InsuranceAsia News Staff
- January 26
AM Best has affirmed an insurer rating of B++ (good) for the company with a negative outlook due to its recent capital erosion.
- January 18
This would mean a 'significant jump' for the sector from the present US$25.3bn GWP as the industry is recovering from Covid-19 claims.
- December 8
The rating agency has revised the outlook of travel-focused Malaysian carrier Tune Protect Re to positive from stable and affirmed the financial strength rating of B++ (good).
- November 29
While domestic insurance capacity has been sapped by Covid losses, foreign carriers are shying away from writing business in the market due to historically soft markets and looming political risks.