How It Came To Be

Malaysian Reinsurance Berhad (Malaysian Re) was incorporated on 27 August 2004 as a wholly-owned subsidiary of MNRB Holdings Berhad (MNRB). As part of the restructuring exercise of the MNRB Group, the reinsurance business, the reinsurance licence and reinsurance assets of MNRB were transferred to Malaysian Re on 1 April 2005. As the National Reinsurer, Malaysian Re will continue to pursue the same primary objectives as that successfully achieved by MNRB for more than 30 years since its establishment on 30 December 1972, that is to reduce the outflow of reinsurance premiums overseas. Malaysian Re will also continue to enhance the competitiveness and efficiency of the local insurance companies in an increasingly globalised marketplace through its active involvement in leading and underwriting their reinsurance needs. The classes of business underwritten can broadly be categorised under Fire, Engineering, Motor, Marine, and Miscellaneous Accidents. Leveraging on the Company’s breadth and depth of experience and pertise, strong fundamentals and proven track record, Malaysian Re has grown in stature as an international player having established a strong market presence in Asia, the Middle East, Africa and China.

Mission

To be a Dynamic and Professional Reinsurer in pursuit of excellence.

Business Objectives

• To diversify our existing business in order to achieve a better portfolio mix and ensure sustainable growth;
• To continuously explore innovative ways of doing business by taking advantage of the latest Information Technology;
• To increase local retention and reduce outflow of reinsurance premium;
• To increase employment and training opportunities in reinsurance, particularly for Bumiputera, which are lacking in this sector of the industry; and
• To enhance the value of the Company through the creation of favourable earnings prospects which are sustainable in the long term.