Insurance News
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Friday, 4 April 2008
Munich Re Retakaful Launched
Munich Re has become the 2nd retakaful operator after MNRB to set up an operation in Malaysia.Some facts on Munich Re Retakaful:
- Working capital of RM25 mil.
- Writing both general and family retakaful business.
- Malaysia office would be the hub for global retakaful activities.
- Expected to breakeven within 3 years.
- Currently 5 staff.
- CEO: Dr Ludwig Stiftl.
http://www.btimes.com.my/Current_News/BTIMES/Friday/Nation/20080404004315/Article/

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