Malaysian Re

Malaysian Reinsurance Berhad
Industry
Founded 1973 (1973)
Headquarters Bangunan Malaysian Re
17 Lorong Dungun, Kuala Lumpur, Malaysia
Key people
  • Sharkawi Alis (Chairman)
  • Zainudin Ishak (President & CEO)
Revenue Decrease RM1,327 million (2017)[1]
Increase RM82 million (2017)[1]
Total assets Increase RM3,434 million (2017)[1]
Total equity Increase RM1,233 million (2017)[1]
Parent
Subsidiaries
  • Labuan Re (20%)
Website www.malaysian-re.com.my

Malaysian Reinsurance Berhad (known as Malaysian Re) is a Malaysian reinsurance company. It is Malaysia's largest reinsurer, commanding more than 50% of reinsurance accepted premium in the country.[2] In the ASEAN market, Malaysian Re is currently the biggest national reinsurer in terms of market presence as well as gross premiums.[3] The company also has a strong market presence in Asia and the Middle East.

Malaysian Re is a wholly owned subsidiary of MNRB Holdings Berhad which is listed on the Main Market of Bursa Malaysia Securities Berhad. MNRB's other subsidiaries include Takaful Ikhlas and Malaysian Re (Dubai) Ltd which serves Malaysian Re's Middle East market.[4] MNRB is one of strategic companies under the portfolio of Malaysia's sovereign wealth fund, Permodalan Nasional Berhad (PNB).[4]

In 2015, Malaysian Re received approval from Bank Negara Malaysia to conduct family and general retakaful business.[5]

Malaysian Re's Insurer Financial Strength (IFS) Rating and outlook of 'A-/Stable' was affirmed by Fitch in Feb 2017.[6]

References

  1. 1 2 3 4 5 6 Annual Report 2017 (pdf), Malaysian Reinsurance Berhad, 2017-03-31, retrieved 2018-01-30
  2. ↑ https://www.reuters.com/article/idUSFit94557820160108
  3. ↑ https://www.thestar.com.my/business/business-news/2015/04/11/risks-calamities-weigh-on-mnrb-holdings/
  4. 1 2 "PNB Aims to Boost Returns". The Star. 2017-08-02. Retrieved 2018-01-30.
  5. ↑ "MNRB gets BNM approval for general and family retakaful business". The Sun. 2015-08-24. Retrieved 2015-08-24.
  6. ↑ "Fitch Affirms Malaysian Reinsurance at IFS 'A-'; Outlook Stable". Fitch Ratings Inc. 2015-05-11. Retrieved 2015-08-24.
    • Business data for MNRB Holdings Berhad:
    • Reuters
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