AM Best Places Credit Ratings of Labuan Reinsurance (L) Ltd Under Review With Developing Implications

SINGAPORE, May 29 (Bernama) -- AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Labuan Reinsurance (L) Ltd (Labuan Re) (Malaysia).

The Credit Ratings (ratings) have been placed under review with developing implications following the May 19, 2026, announcement that MNRB Holdings Berhad (MNRB) has entered into a conditional share purchase agreement to acquire an 80% equity interest in Labuan Re for a total cash consideration of approximately USD100.69 million (equivalent to RM400.49 million).