Reinsurance News

Malaysia

Aon names Neelay Patel as CEO of Malaysia

21st January 2026

Global professional services firm Aon plc, has announced the appointment of Neelay Patel as Chief Executive Officer of Malaysia, taking effect in March 2026, pending completion of regulatory approvals. Patel brings more than 20 years of experience across insurance and risk management, with a significant portion of his career focused on ... Read the full article

AM Best confirms stable outlook for Malaysia’s non-life insurance sector

17th December 2025

Credit rating agency AM Best has confirmed a stable outlook for Malaysia’s non-life insurance sector, highlighting regulatory measures aimed at boosting insurance penetration and the phased removal of tariffs on motor and fire insurance. The rating agency notes that the sector remains well-positioned for sustained growth, even as Malaysia’s real GDP ... Read the full article

AM Best rates new Labuan based Chinese reinsurer Zhibao Re

10th November 2025

AM Best, the credit rating agency, has assigned Zhibao Labuan Reinsurance Company Limited (Zhibao Re) of Malaysia a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” (Good), with a stable outlook. According to AM Best, these ratings reflect the company’s strong balance sheet, adequate operating ... Read the full article

Markel appoints Jasminder Kaur as Country Head – Malaysia

4th July 2025

Markel Insurance, the insurance arm of Markel Group Inc., has announced the appointment of Jasminder Kaur as Country Head – Malaysia. Kaur will report to Kevin Leung, Chief Underwriting Officer – Asia Pacific at Markel. In her new role, she will be responsible for scaling Markel's operations in Malaysia, marking a significant ... Read the full article

Hannover Re names James Ng CEO of Malaysian Branch

12th February 2025

Global reinsurer Hannover Re has announced the appointment of James Ng as Chief Executive Officer of its Malaysian Branch in Kuala Lumpur. Ng brings over two decades of experience in the re/insurance industry, having held various roles in management, underwriting, and sales & distribution. He joined Hannover Re just over a year ... Read the full article

AM Best maintains stable outlook for Malaysia’s non-life insurance market

30th December 2024

AM Best, a globally recognised credit rating agency specialising in the insurance sector, has maintained a Stable outlook for Malaysia’s non-life insurance market. This assessment is based on key factors such as anticipated premium growth driven by economic recovery, regulatory reforms aimed at increasing insurance penetration, and rate adjustments. However, the segment ... Read the full article