Lloyd's, Non-life, Ratings, Ratings affirmation, Reinsurance, Specialty

AM Best affirms Labuan Re ratings as revenue grows despite reduced Lloyd’s participation

The reinsurer's 2024 return-on-equity of 14.2% and combined ratio of 92.8% underscored its ability to maintain profitability despite higher catastrophe losses and reduced Lloyd’s participation.

Ralph Martinez

November 4, 2025

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2 min read

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