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AM Best places Labuan Re’s ratings under review following MNRB acquisition plan
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AM Best places Labuan Re’s ratings under review following MNRB acquisition plan
AM Best has placed Labuan Reinsurance (L) Ltd’s (Labuan Re) (Malaysia) Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent) under review with developing implications. This action follows the announcement on 19th May 2026 that MNRB Holdings Berhad (MNRB) entered into a conditional share purchase agreement to acquire an 80% equity interest in Labuan Re for approximately $100.69 million. Malaysian Reins…
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