LPI Capital Bhd
LPI Capital Bhd (LPI), formerly known as London & Pacific Insurance Company Berhad, is an investment holding company. After a rationalisation scheme, LPI transferred its entire insurance business to its wholly-owned subsidiary Lonpac Insurance Bhd on 1 May 1999 and at the same time changed its name from London & Pacific Insurance Company Berhad to LPI Capital Bhd.
The Company was incorporated on 24 May 1962 as a private limited company and was registered as an approved insurer on 9 April 1963 under the Malaysian Insurance Act, 1963. The shares of LPI were also listed on the Second Board of the Kuala Lumpur Stock Exchange (KLSE) on 8 January 1993 and were subsequently transferred to the Main Board of the KLSE (now known as Main Market of Bursa Malaysia Securities Berhad) on 17 January 1997. The issued and paid-up capital of the Company is RM331,985,808 comprising of 331,985,808 ordinary shares of RM1.00 each.
Lonpac Insurance Bhd
Lonpac Insurance Bhd (Lonpac), a wholly owned subsidiary of LPI Capital Bhd, was incorporated in Malaysia on 12 July 1994. It commenced underwriting of general insurance business after a rationalisation scheme on 1 May 1999. The paid-up capital of the Company is RM200,000,000 comprising of 200,000,000 ordinary shares of RM1.00 each.
The Company operates through 21 branches in Malaysia and a foreign branch in Singapore to serve the clients better.
In September 2005, the Malaysian Rating Corporation Berhad (MARC) has reaffirmed the general insurance strength rating of Lonpac at "AA", reconfirming its financial stability and reliability in the insurance industry.
In October 2016, the A.M. Best Company, Inc. has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" of Lonpac. The Credit Ratings reflect Lonpac's strong risk-adjusted capitalisation and its excellent operating performance, which is supported by its business profile. Lonpac has a track record of strong capital generation, supported by profit margins (combined and operating ratios) that are among the strongest in Malaysia's non-life market. Lonpac's risk-adjusted capitalisation, as measured by Best's Capital Adequacy Ratio, has strengthened over the years, supported by good asset quality and improved underwriting leverage.
Campu Lonpac Insurance Plc
Since our incorporation on 15th August 2007, we continue to strengthen our presence in Cambodia with a wide range of general insurance products. Campu Lonpac Insurance Plc is a joint-venture of Cambodian Public Bank Plc, Public Bank Berhad and LPI Capital Bhd in Malaysia. The strategic partnership taps on the strength of Cambodian Public Bank Plc's wide distribution network and Lonpac Insurance Bhd's expertise; making us one of the leading insurance companies in Cambodia.