Magazine date:
Feb 2006 A.M. Best has reconfirmed its B++ (“Very Good”) rating regarding Labuan Re's financial strength. It has also increased the rating relative to credit issuers from “BBB” to “BBB+”. The general outlook of both ratings has been improved from “Stable” to “Positive”.
As a reminder, Labuan Reinsurance Ltd. is a Malaysian reinsurance company whose subsidiary company based in Bahrain since 2001 operates in the Middle East, Turkey, Iran, North Africa, West Africa and Central Africa.