Malaysian Life Reinsurance opens Retakaful window

Malaysian Life Reinsurance Group (MLRe), a joint venture between Life Insurance Association of Malaysia (LIAM) and Reinsurance Group of America (RGA), has opened a Retakaful window on 14 December 2023.

MLRe was granted approval by the Ministry of Finance to conduct Takaful reinsurance business in Malaysia.

This initiative will allow the reinsurer to strengthen its position in the country's fast-growing Takaful market.

The new window is expected to account for 10% of MLRe's total premiums over the next three years.