Wednesday, March 26, 2025

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AM Best affirms financial strength rating of PETRONAS captive 

AM Besthas affirmed the financial strength rating of ‘A’ (excellent) and the long-term issuer credit rating of “a” (excellent) of Labuan-domiciled ENERGAS Insurance. The outlook for the ratings is negative. 

ENERGAS is the single parent captive owned by Malaysian multinational oil and gas company, Petronas, that has significant underwriting focus on upstream and downstream energy risks located in Malaysia. 

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