First homegrown reinsurance broker gains approval from Lloyd’s

Ahmad Farouk receiving approval to deal directly with the Lloyd’s syndicates in London.

LABUAN IBFC has become Malaysia’s first Lloyd’s registered reinsurance broker, AFR Asia Pacific Limited, which received approval last month to deal directly with the Lloyd’s syndicates in London.

AFR is a Labuan licensed reinsurance broker with a track record of more than 16 years.