Malaysian Re, Pacific Life Re extend takaful agreement

Malaysian Re president and chief executive officer Ahmad Noor Azhari Abdul Manaf.

PETALING JAYA: Malaysian Reinsurance Bhd (Malaysian Re) has inked an extension for its memorandum of understanding with Pacific Life Re Ltd (Singapore) for the provision of sustainable retakaful solutions to takaful operators.

Malaysian Re is a wholly-owned subsidiary of MNRB Holdings Bhd and is known to be the largest reinsurer in the local market.