MNRB Holdings Berhad - Company Profile
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MNRB Holdings Berhad (MNRB), formerly known as Malaysian National Reinsurance Berhad, is an investment holding company. The company, through its subsidiaries, offers a range of insurance and reinsurance products and services through its subsidiaries. It offers reinsurance products for fire, motor, engineering, marine, and miscellaneous accident. The company also provides group family, individual family, commercial and general retail takaful products. MNRB offers motor insurance to vehicle owners, bodily injury claims administration, and underwriting services. The company’s major subsidiaries include Malaysian Reinsurance Berhad, Takaful Ikhlas Family Berhad, Sinar Seroja Berhad, Malaysian Re (Dubai) Ltd, and MMIP Services Sdn. Bhd. MNRB is headquartered in Kuala Lumpur, Malaysia.
MNRB Holdings Berhad premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Reinsurance | Claims Administration Services |
| Fire Reinsurance | Underwriting Services |
| Personal Accident Reinsurance | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Financing Agreements | In March, the company successfully issued RM420 million in subordinated Sukuk Murabahah, supported by strong investor demand. |
| 2024 | Others | In February, RAM Rating Services Berhad (“RAM”) reaffirmed the company's ratings of AA3 for its RM320 million Senior Sukuk and A1 for its Subordinated Sukuk. |
| 2022 | Contracts/Agreements | In December, the company’s general takaful partnered with MBSB Bank to provide Malaysians with Islamic finance solutions. |
Competitor Comparison
| Key Parameters | MNRB Holdings Berhad | Allianz Malaysia Berhad | Syarikat Takaful Malaysia Keluarga Bhd | Asia Capital Reinsurance Malaysia Sdn Bhd | Hannover Re Group |
|---|---|---|---|---|---|
| Headquarters | Malaysia | Malaysia | Malaysia | Malaysia | Malaysia |
| City | Kuala Lumpur | Kuala Lumpur | Kuala Lumpur | Kuala Lumpur | - |
| State/Province | Kuala Lumpur (Federal Territory of) | Kuala Lumpur (Federal Territory of) | Kuala Lumpur (Federal Territory of) | Kuala Lumpur (Federal Territory of) | - |
| No. of Employees | 1,189 | 2,099 | 1,115 | - | 2,200 |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Rudy Rodzila Che Lamin | Chief Executive Officer; President - Interim | Senior Management | 2024 | 59 |
| Haniza Filzah Hayani Abu Haniffa | Group Chief Internal Auditor; Senior Vice President | Senior Management | 2019 | 56 |
| Ng Chee Sang | Chief Technology Officer - Group; Senior Vice President | Senior Management | 2021 | 55 |
| Leong Joe Yee | Group Chief Risk Officer; Senior Vice President | Senior Management | 2021 | 47 |
| Durraini Baharuddin | Group Chief Investment Officer; Senior Vice President | Senior Management | 2023 | 41 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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