Pt Mekong Re, a reinsurance company with a strong suit in niche and specialty solutions, has launched in Labuan, Malaysia. The business will offer flexible reinsurance solutions across Asia Pacific in addition to South Asia, GCC and Eastern Europe, providing additional capacity for specialty lines of business and hard-to-place risks. With a strong team of professionals with feet on the ground in Malaysia, Pt Mekong Re will focus on a spectrum of business lines, ranging from aviation and construction to property, energy and forestry.

The team has a deep understanding of the insurance and takaful market in Asia and will work to secure clients’ flexible reinsurance products, tailored to their requirements.

Pt Mekong Re is part of a larger MNK Group, which is headquartered in London with operations in every continent and a global network of MGAs, Broking, Insurance and Reinsurance companies. Through the group, Pt Mekong Re has access to Lloyd’s of London, helping it to support clients navigating challenging risks.

Chairman of MNK Group, Manoj Kumar commented:

“I’m delighted to be launching Pt Mekong Re, and that we now have a team in place in Labuan. Following on from our acquisition of Oceanica De Seguros in Costa Rica, our new reinsurance company in Labuan underpins MNK Group’s Global strategic ambitions.
Pt Mekong Re provides us with a great platform to expand our services across Asia. Our expertise, backed by AA rated retrocession panel, is expected to provide real benefits to Pt Mekong Re’s clients across the continent.”

The company will be led by Rajguru K, who has over 25 years of experience in the industry across Asia and Africa. Prior to his appointment as CEO of Pt Mekong Re, Rajguru was the co-founder and CEO of a reinsurance company in Mauritius as well as the Director of Strategic Partnerships at Specialty MGA UK.

CEO of Pt Mekong Re, Rajguru K said:

“With a lack of adequate capacity in Malaysia, Pt Mekong Re will fully cater to the market in the region, providing bespoke and innovative solutions to the ever-changing needs of our clients.
Our team of experts have a deep understanding of their sectors coupled with significant local knowledge, allowing us to help customers across Asia with hard-to-place and difficult risks. No matter the risk, we will provide comprehensive protection at the fairest possible price. We will not say no to a risk. From Japan and South Korea to Vietnam and Cambodia, Pt Mekong Re will provide real value for clients across the whole continent as an agile, flexible and highly compliant capacity provider.”

Notes to Editors

About MNK Group:

MNK Group, founded in 2009 in the United Kingdom, includes a Lloyds broker (MNK Re) with operations in every continent, a web of MGAs (Specialty MGA in UK, Italy, US and Casablanca) and a Costa-Rican based insurance company (Oceanica De Seguros).

About Mekong Re:

Pt Mekong Re’s experience in niche and specialty insurance classes, combined with its access to the Lloyd’s market, gives it the ability to navigate, understand and safeguard against challenging risks.

As well as a talented team working out of Labuan, Pt Mekong Re is a part of the MNK Group, headquartered in London with a global presence. It has access to a broad spectrum of bespoke reinsurance offerings. Pt Mekong Re’s collaborates with sister company Specialty MGA to produce market insights, additional capabilities and innovative new products.

By combining deep local market knowledge with technical underwriting expertise, robust risk management and a client-centric approach, Pt Mekong Re aims to be the preferred reinsurance partner for the region, for many decades to come.

For more information please contact:

Ben McCarthy:
benmccarthy@luther.co.uk
+44 (0)7740 486 728

Hamish Venters:
hamishventers@luther.co.uk
+44 (0)7827 971 741