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 RM100,000,000 comprising of 100,000,000 ordinary shares of RM1.00 each. The Company operates through 12 branches in Malaysia and a foreign branch in Singapore to serve the clients better. Lonpac currently has a staff force of approximately 320 employees. 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. The international rating agency, Standard and Poor's has assigned a secure rating of "BBBpi" to the Company.