Labuan Re’s 2011 losses push CR to 123%
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Labuan Re’s 2011 losses push CR to 123%

26 June 2012
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Malaysia-based Labuan Reinsurance ran up a combined ratio of 123 percent in 2011 due to international catastrophe losses from the Thai flooding and Christchurch earthquakes, Fitch Ratings said as it affirmed its A- rating on the insurer.

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