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Emerging risks | Growth Opportunities | APAC Insurance

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Thursday, August 13, 2026

Petronas

am-best-affirms-energass-ratings-but-negative-rating-maintained
AM Best affirms Energas's ratings, but negative outlook maintained for captive
February 23 2024
AM Best spotlights underwriting volatility, increase in large loss frequency, and reinsurance reliance in latest ratings note.
am-best-affirms-strenth-and-credit-ratings-for-petronass-pure-captive-energas-but-downgrades-outlook-to-negative
AM Best affirms Strength and Credit Ratings for Petronas's pure captive Energas, but downgrades Outlook to 'Negative'
June 5 2023
Energas has a strong balance sheet, but had a combined ratio of 106% in 2022 and is vulnerable to large losses from its energy-focused portfolio.
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28 August
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