KUALA LUMPUR, Nov 13 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Micronesia’s Marble Reinsurance Corporation (Marble Re), a captive insurer wholly owned by Japanese trading company Marubeni Corporation (Marubeni).
AM Best Affirms Marble Re’s ‘Excellent’ Ratings, Outlook Stable
AM Best Affirms Marble Re’s ‘Excellent’ Rati
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Key takeaways
AM Best affirmed Marble Re’s A- financial strength and a- issuer credit ratings with a stable outlook, citing strong capitalization and performance. The captive insurer, wholly owned by Marubeni, maintains a robust balance sheet despite higher underwriting risks from business expansion.
- AM Best affirmed Marble Re’s A- financial strength and a- issuer credit ratings with a stable outlook.
- The company recorded a five-year average combined ratio of 50 per cent from 2021 to 2025.
- Premium income rose moderately in the financial year ended March 31, 2026, driven by captive and third-party business growth.
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