Month: April 2022

What is MNRB Group?

Since 1972, Malaysian National Reinsurance Berhad (MNRB) has operated in the Malaysian reinsurance market. The company’s primary business is management services, which it conducts via investment holding, governance risk and compliance, reinsurance, Takaful operator, and Retakaful operator. Two of the company’s subsidiaries are Malaysia RE and Takaful IKHLAS.

What is MNRB Holdings Berhad?

MNRB Holdings Berhad is a pioneer in management services and comprises several well-known wholesale reinsurance and retakaful providers. The company differentiates itself from competitors by its reinsurance arm, one of the strongest in the region, writing general business lines both domestically and abroad.

About Malaysian Re

As the national reinsurer, Malaysian Re continues to strengthen the competitiveness and efficiency of domestic insurance businesses in an increasingly globalised market by actively leading and insuring their reinsurance needs. The retakaful division, Malaysian Reinsurance Retakaful Division, underwrites all classes of general reinsurance.

About Takaful IKHLAS

Takaful IKHLAS was founded in 2002 and is primarily focused on financial protection services. It provides an extensive selection of family and general takaful items. It distributes via a vast network of highly skilled and qualified agents, brokers, financial institutions, motor franchisees, and cooperatives.

The Conclusion

As a company listed on the Malaysia stock exchange market, MNRB offers a wide range of products and services related to governance risk and compliance, reinsurance, retakaful, retail takaful and more through its subsidiaries. MNRB is a regional and international player, having established a strong market presence in Asia and the Middle East.

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About MNRB and The Subsidiaries

MNRB Holdings Berhad is a Malaysian investment holding company focused on asset management. Malaysian Reinsurance Berhad (Malaysian Re) and Takaful IKHLAS are the corporation’s subsidiaries. Its reinsurance division is one of the region’s most substantial, underwriting risk, writing local and foreign general business lines.

About MNRB Holdings Berhad

Malaysian National Reinsurance Berhad was rebranded to MNRB Holdings Berhad as an investment holding company and is now listed on Bursa Malaysia. It comprises prominent wholesale reinsurance and retakaful suppliers and two Takaful operators. Its reinsurance business is among the region’s best reinsurers, both nationally and internationally.

Malaysia Re Contributes Towards The Development Of The Nation

This is how Malaysian Re, the country’s leading reinsurer, continues to help domestic insurance businesses be more competitive and efficient in a more globalised market: by leading and covering their reinsurance needs. It’s called the Malaysian Reinsurance Retakaful Division, and it writes all kinds of general reinsurance.

What is Takaful IKHLAS?

Takaful IKHLAS entered the Takaful sector on 18 September 2002 as Takaful Ikhlas Sdn. Bhd. and then changed to Berhad status in 2014. They are primarily engaged in providing financial protection services that adhere to Shariah principles and decisions and announced the conversion of its composite Takaful licences into two organisations.

The Conclusion

The MNRB Group is a public-listed company with business partnerships across the globe, comprising reinsurance, underwriting risk and retakaful wholesale providers and takaful operators. MNRB remains committed to expanding its domestic footprint and venturing into selected markets abroad to deliver services for long-term business sustainability.