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Wednesday, 5 November 2008
Malaysian Re Counts on Overseas Markets
Malaysian Re is aiming to be the 5th largest reinsurer in Asia by next year. It currently occupies the 6th position.Voluntary cession from local insurers currently forms 70.3% of Malaysian Re's total gross premium, the percentage is expected to decline further to 53.8%. Malaysian Re will have to look overseas to grow its business. Markets targeted include the Middle East, Japan, South Korea, India and China. However, due to limited capital, Malaysian Re will be selective in choosing which market to go to.
Malaysian Re has a rating of A- from AM Best and Fitch Ratings.
Source: Business Times
Labels: MNRB
posted by Teh Loo Hai @ 15:52
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About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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