No change in voluntary cessions

Malaysian Reinsurance Berhad has received confirmation from BNM that the Voluntary Cessions (VC) levels in 2010 would remain the same as 2009. Specifically:

1. VC on Motor, PA, H&S: 4% quota share, no cession limit
2. VC on other classes: 5% quota share, no cession limit
3. Auto-Facultative and Auto-Treaty: 15% VC. Retrocessions: 20% VC

For years 2011 and 2012:

1. 4% revised to 2.5%
2. 5% remains
3. 15% and 20% remain

Source: Bursa