Overall ratings affirmation and stand-alone credit profile upgrade to 'a+' come as the RAA Insurance deal lifts insurer to third in the country's property and casualty market.
Both insurers responded to a Financial Times report on their cover for the trader, which is accused of raising bank credit against invoices for trades that did not exist.
The regulator has flagged widespread transparency shortcomings in car insurance renewals nearly a year after launching court proceedings against RACQ Insurance.
Malaysia is expected to expand its data centre capacity more than tenfold, ranking alongside India and Japan among the region’s fastest-growing AI infrastructure markets.
Jenny Wilhelm takes on the newly created role of MD for Singapore, which includes oversight on ASEAN and Sri Lanka, while William Slade succeeds her as Asia head of distribution.
