KUALA LUMPUR: MNRB Holdings Bhd is confident of increasing its market share in the reinsurance business and to deliver a better performance for the financial year ending March 31, 2023 (FY23).
“The global and domestic economic outlook has been showing positive signs of recovery, contributed by the easing of energy costs and China’s reopening. We remain focused on our initiatives of operational efficiency and strategic business expansion and are confident of the group’s prospects,” MNRB president and group chief executive officer Zaharudin Daud said in a statement yesterday.
MNRB delivered a solid financial performance for its nine-month period of FY23.
“The improvement in results was mainly led by strong underwriting performance of all the reinsurance, retakaful and takaful subsidiaries as well as improved market conditions overall,” the company added.