Malaysian Re partners with Argo Managing Agency
Malaysia’s national reinsurer Malaysian Re has signed a memorandum of understanding (MoU) with Argo Managing Agency, which manages ArgoGlobal Syndicate 1200 and Ariel Re Syndicate 1910 at Lloyd’s, for the provision of underwriting and technical support.
In addition, Malaysian Re will work closely with Argo in the development and distribution of specialty products for the Malaysian and regional markets.
Malaysian Re president & CEO, Zainudin Ishak, stated: “This partnership is strategic in nature and a key component of Malaysian Re’s Business Transformation 2020 (T20) in asserting our regional market leadership and fulfilling the company’s long-term vision to become the regional leading reinsurer.”
ArgoGlobal Asia CEO Veronica Grigg, added: “For Argo, the partnership with Malaysian Re complements our strategy of diversifying our distribution from the traditional market channels by partnering with well-established regional reinsurers such as Malaysian Re”.
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