Reinsurance company Pt Mekong Re has launch in Labuan, Malaysia by MNK Group.
Pt Mekong Re will offer reinsurance solutions across Asia Pacific in addition to South Asia, GCC and Eastern Europe, providing additional capacity for specialty lines of business and hard-to-place risks.
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In addition, with a strong team of professionals with feet on the ground in Malaysia, it Re will focus on a spectrum of business lines, ranging from aviation and construction to property, energy and forestry.
The company will be led by Rajguru K, who has over 25 years of experience in the industry across Asia and Africa. Prior to his appointment as CEO of Pt Mekong Re, Rajguru was the co-founder and CEO of a reinsurance company in Mauritius as well as the Director of Strategic Partnerships at Specialty MGA UK.
Chairman of MNK Group, Manoj Kumar, commented: “I’m delighted to be launching Pt Mekong Re, and that we now have a team in place in Labuan. Following on from our acquisition of Oceanica De Seguros in Costa Rica, our new reinsurance company in Labuan underpins MNK Group’s Global strategic ambitions.
“Pt Mekong Re provides us with a great platform to expand our services across Asia. Our expertise, backed by AA rated retrocession panel, is expected to provide real benefits to Pt Mekong Re’s clients across the continent.
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By GlobalDataCEO of Pt Mekong Re, Rajguru K, added: “With a lack of adequate capacity in Malaysia, Pt Mekong Re will fully cater to the market in the region, providing bespoke and innovative solutions to the ever-changing needs of our clients.
“Our team of experts have a deep understanding of their sectors coupled with significant local knowledge, allowing us to help customers across Asia with hard-to-place and difficult risks. No matter the risk, we will provide comprehensive protection at the fairest possible price. We will not say no to a risk. From Japan and South Korea to Vietnam and Cambodia, Pt Mekong Re will provide real value for clients across the whole continent as an agile, flexible and highly compliant capacity provider.”
The new firm is part of a larger MNK Group, which is headquartered in London with operations in every continent and a global network of MGAs, Broking, Insurance and Reinsurance companies
