BUSINESS VISIT BY MR. VIVEK K. NAIK, PRINCIPAL OFFICER / DIRECTOR - SYNERGY REINSURANCE SPECIALIST (LABUAN) LIMITED

On 20^th June 2022, Mandarin Re Ltd co-located in Kuala Lumpur, Malaysia has received a business visit by Mr. Vivek K. Naik, Principal Officer/Director of Synergy Reinsurance Specialist (Labuan) Limited. The meeting was attended by Mr. Redzal Mohamad, CEO, and underwriters Ms. Rita John and Ms. Asmida Md. Nor.

 Both companies have been discussing on any potential business, Synergy’s portfolio arising from their main markets/continents such as Asia, Africa & MEA, which consisting of India, Nepal, Bhutan, Pakistan, Bangladesh, Maldives, UAE-Dubai, Kenya, Tanzania and Ethiopia, for both facultative and treaties. The main portfolio is out of Maldives with balance from other territories. On top of that the broker is keen to involve in Retrocession programme considering their good relationship with other reinsurer(s).

 Overall, the meeting was cordial whereby there will be more risks to be placed according to Mandarin Re’s available capacity and risk appetite across all line of business.