MNK Group has established Pt Mekong Re, a reinsurance company specialising in niche and specialty solutions, in Labuan, Malaysia.
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, he served as director of strategic partnerships at Specialty MGA UK, and was co-founder and CEO of W-Safe Reinsurance, based in Mauritius.
The business will offer reinsurance solutions across Asia Pacific in addition to South Asia, the Gulf Cooperation Council countries, and Eastern Europe, providing additional capacity for specialty lines of business and hard-to-place risks.
As part of MNK Group, Pt Mekong Re has access to Lloyd’s of London, helping it to support clients navigating challenging risks.
Manoj Kumar, chairman of MNK Group, highlights: “Pt Mekong Re provides us with a great platform to expand our services across Asia. Our expertise, backed by an AA-rated retrocession panel, is expected to provide real benefits to Pt Mekong Re’s clients across the continent.”
Rajguru K adds: “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.”
