KUALA LUMPUR, Oct 16 (Bernama) -- Mongolian Mining Corporation’s washed coking coal sales fell 26 per cent quarter-on-quarter to about 1,996.9 kilotonnes (kt) in the third quarter (Q3) ended Sept 30, even as coking coal prices in China rebounded strongly on tighter domestic supply.
Sales were also down 13 per cent from 2,303.2 kt a year earlier, according to the company’s unaudited operational update.
The number of coal trucks crossing the Ganqimaodu border point into China fell to an average of 897 per operating day during the quarter. This was 34 per cent and 29 per cent lower than the averages of 1,366 and 1,270 trucks in the second and first quarters, respectively.
However, the year-to-date average of 1,177 trucks per operating day was 15 per cent higher than the 2025 full-year average of 1,023, the company said in a statement.
Combined output from its Ukhaa Khudag and Baruun Naran mines showed raw coal mined rising eight per cent quarter-on-quarter and 33 per cent year-on-year to 4,791.2 kt.
Coking coal processed fell six per cent from the previous quarter to 4,253.2 kt but rose 13 per cent year-on-year, while washed coking coal production dropped 11 per cent quarter-on-quarter to 2,503.1 kt, up 19 per cent from a year earlier.
At its Bayan Khundii gold mine, ore mined rose 68 per cent quarter-on-quarter to 414.9 kt, ore processed increased seven per cent to 164.5 kt and gold sales edged up one per cent to 11,853 ounces (oz).
The company’s average realised gold price fell four per cent quarter-on-quarter to US$4,315 an ounce, but was 13 per cent higher than US$3,805 a year earlier. (US$1 = RM4.08)
Mongolian Mining Corporation sells its coking coal through auctions on the Mongolian Stock Exchange.
-- BERNAMA
Friday, October 16, 2026
Thursday, October 15, 2026
Axi Launches MCP Integration Connecting MT5 Accounts to Claude
SYDNEY, Oct 16 (Bernama-GLOBE NEWSWIRE) -- As artificial intelligence continues to reshape how people interact with technology, the online trading industry is entering a new phase in the evolution of trading tools. From analysing information to managing increasingly complex workflows, AI-powered applications are opening up new possibilities for traders looking to bring greater efficiency and accessibility to their trading experience.
Against this backdrop, Axi, a global online trading broker, has announced the launch of its Axi MCP integration, connecting eligible MT5 accounts to Claude, the AI assistant developed by Anthropic. The integration brings AI-powered interaction directly into the trading environment, allowing eligible clients to access live market data, track positions, execute trades and update risk parameters through Claude.
Built on Model Context Protocol, an open standard for connecting AI applications with external tools and data, the integration reflects the growing convergence of artificial intelligence and online trading technology. Clients can connect their eligible MT5 accounts through Claude.ai by adding the Axi connector, completing the setup process and authorising access through their secure Axi login credentials.
"AI is creating new opportunities to rethink how traders interact with technology. With our MCP integration, we're bringing AI closer to the trading experience by connecting Claude directly with eligible MT5 accounts," said Santiago Vazquez-Munoz, Global Head of Sales at Axi. "It's another step in our commitment to exploring innovative technology that gives clients new ways to access their trading information and manage their accounts."
The integration enables clients to interact with supported account information and trading functions through a conversational AI interface. By connecting Claude with MT5 through MCP, Axi is expanding the ways eligible clients can engage with their trading accounts as AI adoption continues to develop across financial services.
The integration does not eliminate the risks associated with trading. Clients remain responsible for their trading decisions and should understand the permissions granted when connecting their accounts.
The Axi MCP integration is available to eligible Axi clients with an active MT5 account.
About Axi
Axi is a global online FX and CFD trading company, serving thousands of clients across 100+ countries worldwide. Axi offers OTC derivatives across a range of asset classes including Forex, Shares, Gold, Oil, and more.
Media Contact: mediaenquiries@axi.com
Promoted by AxiTrader LLC. CFDs carry a high risk of investment loss. This content may not be available in your region
SOURCE: Axi Financial Services (UK) Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
BrainChip Launches Sequora: Edge AI That Doesn't Just Recognize — It Understands and Responds
Sequora extends BrainChip’s proven ultra-low-power, always-on sensing advantage to generative AI
LAGUNA HILLS, Calif., Oct 15 (Bernama-GLOBE NEWSWIRE) -- BrainChip Holdings Ltd. (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), a global leader in ultra-low-power, fully digital, event-based neuromorphic AI, today announced BrainChip Sequora™ Core IP, a processor IP core that runs generative AI, including large language models (LLMs), directly on battery-powered edge devices.
The next step in BrainChip's edge AI roadmap, Sequora builds on the strengths of the company's Akida™ platform. Its efficiency comes from model structure: a state-space design keeps memory use fixed no matter how long the data stream or conversation runs. As a result, Sequora scales from models of a few million parameters up to 3 billion. Devices that once could only recognize a signal can now understand, explain and respond — at the power levels customers expect from BrainChip.
"Our commercial and aerospace/defense customers are designing AI into many of the next-generation edge systems that provide real-time processing and decision-making in congested and contested environments with minimal footprint in size, weight and power," said Frank Ferrante, chief executive officer at ForwardEdge ASIC. "Sequora puts generative AI in a low-power IP core that fits many of the demands of the custom silicon we build. It gives us a path to add on-device intelligence to mission-critical edge ASICs."
What Sequora Does
Sequora removes the memory and power bottleneck that has kept generative AI out of battery-powered devices such as earbuds and sensor nodes. Paired with Akida, it brings two workloads together in one solution: Akida processes streaming sensor data — vibration, audio, radar, raw radio-frequency (RF) IQ data and biological signals — while Sequora runs generative and sequential AI, including on-device LLMs, voice-to-voice interaction and AI agents.
Markets from consumer voice and wearables to aerospace and defense, automotive and industrial radar, industrial IoT, and medical and biomedical devices need conventional inference and generative inference in the same product.
"The edge is where AI becomes useful in everyday infrastructure, from utility meters to mobility systems," said Jay Kim, CEO of edgeAI Inc. "BrainChip saw early that efficiency would decide who wins at the edge. Now they're applying that same thinking to generative AI, bringing language and reasoning capabilities to devices that run on a small battery."
Key challenges Sequora addresses:
LAGUNA HILLS, Calif., Oct 15 (Bernama-GLOBE NEWSWIRE) -- BrainChip Holdings Ltd. (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), a global leader in ultra-low-power, fully digital, event-based neuromorphic AI, today announced BrainChip Sequora™ Core IP, a processor IP core that runs generative AI, including large language models (LLMs), directly on battery-powered edge devices.
The next step in BrainChip's edge AI roadmap, Sequora builds on the strengths of the company's Akida™ platform. Its efficiency comes from model structure: a state-space design keeps memory use fixed no matter how long the data stream or conversation runs. As a result, Sequora scales from models of a few million parameters up to 3 billion. Devices that once could only recognize a signal can now understand, explain and respond — at the power levels customers expect from BrainChip.
"Our commercial and aerospace/defense customers are designing AI into many of the next-generation edge systems that provide real-time processing and decision-making in congested and contested environments with minimal footprint in size, weight and power," said Frank Ferrante, chief executive officer at ForwardEdge ASIC. "Sequora puts generative AI in a low-power IP core that fits many of the demands of the custom silicon we build. It gives us a path to add on-device intelligence to mission-critical edge ASICs."
What Sequora Does
Sequora removes the memory and power bottleneck that has kept generative AI out of battery-powered devices such as earbuds and sensor nodes. Paired with Akida, it brings two workloads together in one solution: Akida processes streaming sensor data — vibration, audio, radar, raw radio-frequency (RF) IQ data and biological signals — while Sequora runs generative and sequential AI, including on-device LLMs, voice-to-voice interaction and AI agents.
Markets from consumer voice and wearables to aerospace and defense, automotive and industrial radar, industrial IoT, and medical and biomedical devices need conventional inference and generative inference in the same product.
"The edge is where AI becomes useful in everyday infrastructure, from utility meters to mobility systems," said Jay Kim, CEO of edgeAI Inc. "BrainChip saw early that efficiency would decide who wins at the edge. Now they're applying that same thinking to generative AI, bringing language and reasoning capabilities to devices that run on a small battery."
Key challenges Sequora addresses:
- Generative models stall on memory bandwidth
- Per-word cost that climbs as the conversation (context window) and its cache grow
- Memory traffic caps model size on battery power
- Make run-time branching predictable for automotive, medical and avionics certification
- On-device per-query latency and privacy
Sensing and Generative AI on One Device, One Battery
“Customers are not asking for just a signal classifier or a language model,” said Sean Hehir, chief executive officer, BrainChip. “They want both, in the same product, on the same battery. Akida and Sequora together deliver exactly that.”
Because Sequora runs generative and sequential AI without sending data off the device, it addresses a growing market priority: keeping data and AI models sovereign while minimizing size, weight and power.
Availability
Sequora is available now as licensable semiconductor IP. Customers integrate the design into their own system-on-chip (SoC) and manufacture it at the foundry and process node of their choice. Delivered as process-portable, fully synthesizable register-transfer level (RTL) code, the Sequora package includes verification IP and testbench, synthesis scripts and timing constraints, and an SDK with a static graph compiler, a C++ runtime library and a model zoo.
About BrainChip Holdings Ltd.
BrainChip is the worldwide leader in edge AI on-chip processing and learning. The company’s first-to-market, fully digital, event-based AI processor, Akida™, uses neuromorphic principles to analyze only essential sensor inputs at the point of acquisition, processing data with unmatched efficiency, precision and energy economy. BrainChip’s Sequora™ is an efficient digital AI processor for GenAI and other large models using state-space architectures. BrainChip’s technology is deployed across industries including aerospace, defense, industrial IoT, healthcare, consumer devices, and wearables. Explore more at www.brainchip.com.
Follow BrainChip:
X: https://www.twitter.com/BrainChip_inc
LinkedIn: https://www.linkedin.com/company/7792006
Investor Contact
IR@brainchip.com
Media Contact
Maddie Coe
PRforBrainchip@bospar.com
SOURCE: BrainChip Holdings Ltd.
“Customers are not asking for just a signal classifier or a language model,” said Sean Hehir, chief executive officer, BrainChip. “They want both, in the same product, on the same battery. Akida and Sequora together deliver exactly that.”
Because Sequora runs generative and sequential AI without sending data off the device, it addresses a growing market priority: keeping data and AI models sovereign while minimizing size, weight and power.
Availability
Sequora is available now as licensable semiconductor IP. Customers integrate the design into their own system-on-chip (SoC) and manufacture it at the foundry and process node of their choice. Delivered as process-portable, fully synthesizable register-transfer level (RTL) code, the Sequora package includes verification IP and testbench, synthesis scripts and timing constraints, and an SDK with a static graph compiler, a C++ runtime library and a model zoo.
About BrainChip Holdings Ltd.
BrainChip is the worldwide leader in edge AI on-chip processing and learning. The company’s first-to-market, fully digital, event-based AI processor, Akida™, uses neuromorphic principles to analyze only essential sensor inputs at the point of acquisition, processing data with unmatched efficiency, precision and energy economy. BrainChip’s Sequora™ is an efficient digital AI processor for GenAI and other large models using state-space architectures. BrainChip’s technology is deployed across industries including aerospace, defense, industrial IoT, healthcare, consumer devices, and wearables. Explore more at www.brainchip.com.
Follow BrainChip:
X: https://www.twitter.com/BrainChip_inc
LinkedIn: https://www.linkedin.com/company/7792006
Investor Contact
IR@brainchip.com
Media Contact
Maddie Coe
PRforBrainchip@bospar.com
SOURCE: BrainChip Holdings Ltd.
Axi Launches MCP Integration Connecting MT5 Accounts to Claude
SYDNEY, Oct 15 (Bernama-GLOBE NEWSWIRE) -- As artificial intelligence continues to reshape how people interact with technology, the online trading industry is entering a new phase in the evolution of trading tools. From analysing information to managing increasingly complex workflows, AI-powered applications are opening up new possibilities for traders looking to bring greater efficiency and accessibility to their trading experience.
Against this backdrop, Axi, a global online trading broker, has announced the launch of its Axi MCP integration, connecting eligible MT5 accounts to Claude, the AI assistant developed by Anthropic. The integration brings AI-powered interaction directly into the trading environment, allowing eligible clients to access live market data, track positions, execute trades and update risk parameters through Claude.
Built on Model Context Protocol, an open standard for connecting AI applications with external tools and data, the integration reflects the growing convergence of artificial intelligence and online trading technology. Clients can connect their eligible MT5 accounts through Claude.ai by adding the Axi connector, completing the setup process and authorising access through their secure Axi login credentials.
“AI is creating new opportunities to rethink how traders interact with technology. With our MCP integration, we're bringing AI closer to the trading experience by connecting Claude directly with eligible MT5 accounts,” said Santiago Vazquez-Munoz, Global Head of Sales at Axi. “It's another step in our commitment to exploring innovative technology that gives clients new ways to access their trading information and manage their accounts.”
The integration enables clients to interact with supported account information and trading functions through a conversational AI interface. By connecting Claude with MT5 through MCP, Axi is expanding the ways eligible clients can engage with their trading accounts as AI adoption continues to develop across financial services.
The integration does not eliminate the risks associated with trading. Clients remain responsible for their trading decisions and should understand the permissions granted when connecting their accounts.
The Axi MCP integration is available to eligible Axi clients with an active MT5 account.
About Axi
Axi is a global online FX and CFD trading company, serving thousands of clients across 100+ countries worldwide. Axi offers OTC derivatives across a range of asset classes including Forex, Shares, Gold, Oil, and more.
Media Contact: mediaenquiries@axi.com
Promoted by AxiTrader LLC. CFDs carry a high risk of investment loss. This content may not be available in your region
SOURCE: Axi Financial Services (UK) Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Against this backdrop, Axi, a global online trading broker, has announced the launch of its Axi MCP integration, connecting eligible MT5 accounts to Claude, the AI assistant developed by Anthropic. The integration brings AI-powered interaction directly into the trading environment, allowing eligible clients to access live market data, track positions, execute trades and update risk parameters through Claude.
Built on Model Context Protocol, an open standard for connecting AI applications with external tools and data, the integration reflects the growing convergence of artificial intelligence and online trading technology. Clients can connect their eligible MT5 accounts through Claude.ai by adding the Axi connector, completing the setup process and authorising access through their secure Axi login credentials.
“AI is creating new opportunities to rethink how traders interact with technology. With our MCP integration, we're bringing AI closer to the trading experience by connecting Claude directly with eligible MT5 accounts,” said Santiago Vazquez-Munoz, Global Head of Sales at Axi. “It's another step in our commitment to exploring innovative technology that gives clients new ways to access their trading information and manage their accounts.”
The integration enables clients to interact with supported account information and trading functions through a conversational AI interface. By connecting Claude with MT5 through MCP, Axi is expanding the ways eligible clients can engage with their trading accounts as AI adoption continues to develop across financial services.
The integration does not eliminate the risks associated with trading. Clients remain responsible for their trading decisions and should understand the permissions granted when connecting their accounts.
The Axi MCP integration is available to eligible Axi clients with an active MT5 account.
About Axi
Axi is a global online FX and CFD trading company, serving thousands of clients across 100+ countries worldwide. Axi offers OTC derivatives across a range of asset classes including Forex, Shares, Gold, Oil, and more.
Media Contact: mediaenquiries@axi.com
Promoted by AxiTrader LLC. CFDs carry a high risk of investment loss. This content may not be available in your region
SOURCE: Axi Financial Services (UK) Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Wednesday, October 14, 2026
IE BUSINESS SCHOOL TURNS ABB BANK’S TRANSFORMATION JOURNEY INTO A CASE-STUDY
BAKU, Azerbaijan, Oct 14 (Bernama) -- ABB Bank’s transformation journey has become the subject of a case study at IE Business School, one of the world’s leading business schools. The case study, developed by IE Business School Professor Antonio Zabaleta Moreno, is titled “ABB Bank’s Next Frontier: Choosing the Scope and Path of Growth.” It presents the Bank’s successful strategic and digital transformation in recent years, the implementation of an Agile operating model at ABB Bank, its technological modernization, and AI-driven development priorities as a real-world business case for students. The case study covers ABB Bank’s journey from the challenging circumstances it faced in 2016 to a new stage of development achieved through transformation, as well as the Bank’s strategic goals for 2026–2028. In developing the case, Professor Antonio Zabaleta Moreno referred to a number of tangible indicators demonstrating the success of ABB Bank’s transformation. One such indicator is the 16-fold increase in the number of users of the Bank’s mobile application over a five-year period. The number of ABB mobile users increased from approximately 171,000 in 2020 to 2.6 million in 2025. The application’s rating rose from 1.2 to 4.9, while ABB Bank’s Net Promoter Score (NPS) for digital channels increased from 48 to 77. The Bank has also successfully implemented its Agile transformation. Today, ABB Bank operates 14 Agile domains and more than 80 Agile squads. As a result of adopting Agile ways of working, the time required to develop and launch a new product has been reduced from 243 days to 59 days. More than 1,113 people have graduated from ABB Tech Academy, established by the Bank in 2019, with 83% of graduates securing employment. The case study explores the broader adoption of artificial intelligence solutions, the expansion of digital capabilities, entry into new markets, and the development of services integrated into customers’ everyday lives as a lifestyle partner among the key priorities for ABB Bank’s next stage of growth. Abbas Ibrahimov, Chairman of the Management Board of ABB Bank, said: “For us, ABB Bank’s transformation is not only about renewing technologies and processes, but also about transforming the way we think, the way we work, and the way we serve our customers. The fact that our experience is being studied as a case at such a respected academic institution as IE Business School demonstrates that the positive experience we have gained is also generating interest within the international business community.” Professor Antonio Zabaleta Moreno said: “Developing this case has been a truly rewarding experience, and I am deeply grateful for the fantastic collaboration with the leadership at ABB Bank. ABB Bank is an amazing institution that has undergone a remarkable evolution to become an innovative digital pioneer. I am thrilled with the final result of this project and cannot wait for students to explore the strategic choices shaping the future of this ambitious, AI-first bank.” ABB Bank’s achievement is also significant in a broader context, as it reflects growing international academic interest in the digital and organizational transformation taking place across Azerbaijan’s banking sector. The case study is available here. More information about ABB Bank’s modern, useful and universal products and services is available at the Bank’s branches and offices, on ABB Bank’s official website, through the 937 Contact Centre, and via the Bank’s official social media channels. Media contact: Yedgar Jafarov Press Secretary Yedgar.jafarov@abb-bank.az A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9f840cd1-b3b5-4bf8-9a80-e40ac4b909af SOURCE: Bank ABB - International Bank of Azerbaijan
Sunday, October 11, 2026
GOING ASSET MANAGEMENT RECOGNISED FOR FINANCIAL TECHNOLOGY INNOVATION
KUALA LUMPUR, Oct 12 (Bernama) -- Going International Asset Management Limited has received the Capital Excellence Fund Award at the Capital Merits of Achievement in Banking and Finance 2026 for its financial technology innovation, quantitative investment research and development capabilities, and fund performance.
According to a statement, the award recognises Going Asset’s strengths in asset management and its technology-driven approach, following the announcement of the winners by financial publication Capital Magazine on Sept 29.
The awards recognise financial institutions that have contributed to the development of Hong Kong’s financial sector. Winners are selected based on criteria including overall performance, service quality and reputation.
Now in their 17th consecutive edition, the awards have also recognised institutions such as BOC-Prudential Asset Management, CCB International, Dah Sing Bank, Hang Seng Investment Management Limited and Nanyang Commercial Bank.
Going Asset Management uses artificial intelligence (AI)-driven high-performance computing and ultra-low-latency systems to identify cross-market price movements within microseconds. The approach aims to accumulate small gains across a large volume of trades and improve asset allocation efficiency across market cycles.
The firm’s assets under management have exceeded US$3.3 billion. According to Morgan Hedge rankings as of Aug 31, 2026, its Going Algo SP 2-Class M Fund recorded returns of 89.44 per cent over one year and 280.64 per cent over three years, ranking first globally in both periods. (US$1 = RM4.08)
The company has also expanded its use of AI, with large models processing real-time information streams and improving through reinforcement learning to support investment research and trading strategies.
Going Asset Management plans to continue prioritising AI and risk management while expanding its quantitative research and development across global markets, leveraging Hong Kong’s role as a link between international capital markets.
The firm aims to provide global investors with more resilient portfolios and asset allocation solutions through stronger strategies, greater operational transparency and higher compliance standards.
-- BERNAMA
According to a statement, the award recognises Going Asset’s strengths in asset management and its technology-driven approach, following the announcement of the winners by financial publication Capital Magazine on Sept 29.
The awards recognise financial institutions that have contributed to the development of Hong Kong’s financial sector. Winners are selected based on criteria including overall performance, service quality and reputation.
Now in their 17th consecutive edition, the awards have also recognised institutions such as BOC-Prudential Asset Management, CCB International, Dah Sing Bank, Hang Seng Investment Management Limited and Nanyang Commercial Bank.
Going Asset Management uses artificial intelligence (AI)-driven high-performance computing and ultra-low-latency systems to identify cross-market price movements within microseconds. The approach aims to accumulate small gains across a large volume of trades and improve asset allocation efficiency across market cycles.
The firm’s assets under management have exceeded US$3.3 billion. According to Morgan Hedge rankings as of Aug 31, 2026, its Going Algo SP 2-Class M Fund recorded returns of 89.44 per cent over one year and 280.64 per cent over three years, ranking first globally in both periods. (US$1 = RM4.08)
The company has also expanded its use of AI, with large models processing real-time information streams and improving through reinforcement learning to support investment research and trading strategies.
Going Asset Management plans to continue prioritising AI and risk management while expanding its quantitative research and development across global markets, leveraging Hong Kong’s role as a link between international capital markets.
The firm aims to provide global investors with more resilient portfolios and asset allocation solutions through stronger strategies, greater operational transparency and higher compliance standards.
-- BERNAMA
AM Best Affirms Credit Ratings of National Reinsurance Corporation of the Philippines
SINGAPORE, Oct 12 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of “bbb” (Good) and the Philippines National Scale Rating of aa+.PH (Superior) of National Reinsurance Corporation of the Philippines (Nat Re) (Philippines). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Nat Re’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
Nat Re’s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), which was at the strongest level at year-end 2025, as well as its good financial flexibility. AM Best views the company’s investment portfolio as having moderate risk with the majority of assets allocated to fixed-income securities issued by the Philippines government. Additionally, Nat Re’s balance sheet remains sensitive to outsized natural catastrophe events, although this risk is mitigated partially by its retrocession programme.
AM Best assesses Nat Re’s operating performance as adequate, with a five-year average return-on-equity ratio of 6.8% (2021-2025). In 2025, the company’s underwriting performance improved, driven by favourable claims development in its non-life portfolio and robust margins from its growing life business. Investment income, arising mainly from interest and dividend incomes, continues to contribute positively to operating earnings.
AM Best assesses Nat Re’s business profile as neutral. The company is the sole domestic reinsurer in the Philippines, benefiting from strong relationships with local cedants and access to business through mandatory local cessions. Nat Re is well-positioned for business opportunities emanating from local government initiatives and new service offerings, which include engagement in the design and launch of underwriting facilities in the Philippine market, enabling it to write greater business volumes in excess of the level stipulated by the mandatory cessions. The company writes non-life and life reinsurance, and its underwriting portfolio is viewed to be diversified moderately by geography.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20261009272521/en/
Contact
Susan Tan
Senior Financial Analyst
+65 6303 5023
susan.tan@ambest.com
Victoria Ohorodnyk
Senior Director, Analytics
+65 6303 5020
victoria.ohorodnyk@ambest.com
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com
Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com
Source : AM Best
The ratings reflect Nat Re’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
Nat Re’s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), which was at the strongest level at year-end 2025, as well as its good financial flexibility. AM Best views the company’s investment portfolio as having moderate risk with the majority of assets allocated to fixed-income securities issued by the Philippines government. Additionally, Nat Re’s balance sheet remains sensitive to outsized natural catastrophe events, although this risk is mitigated partially by its retrocession programme.
AM Best assesses Nat Re’s operating performance as adequate, with a five-year average return-on-equity ratio of 6.8% (2021-2025). In 2025, the company’s underwriting performance improved, driven by favourable claims development in its non-life portfolio and robust margins from its growing life business. Investment income, arising mainly from interest and dividend incomes, continues to contribute positively to operating earnings.
AM Best assesses Nat Re’s business profile as neutral. The company is the sole domestic reinsurer in the Philippines, benefiting from strong relationships with local cedants and access to business through mandatory local cessions. Nat Re is well-positioned for business opportunities emanating from local government initiatives and new service offerings, which include engagement in the design and launch of underwriting facilities in the Philippine market, enabling it to write greater business volumes in excess of the level stipulated by the mandatory cessions. The company writes non-life and life reinsurance, and its underwriting portfolio is viewed to be diversified moderately by geography.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20261009272521/en/
Contact
Susan Tan
Senior Financial Analyst
+65 6303 5023
susan.tan@ambest.com
Victoria Ohorodnyk
Senior Director, Analytics
+65 6303 5020
victoria.ohorodnyk@ambest.com
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com
Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com
Source : AM Best
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