A.M. Best Affirms Credit Ratings of Tune Protect Re Ltd.

SINGAPORE–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” of Tune Protect Re Ltd. (TPR) (Malaysia). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect TPR’s adequate risk-adjusted capitalization, as well as its strong and consistent operating performance since inception. TPR is an affiliate of AirAsia Berhad and its associates (the AirAsia Group). This relationship provides TPR with e