Lloyd's eyeing reinsurance licence in Malaysia
Tuesday, 09 20 2016, Category: Insurance and Reinsurance, Country: Asia
Specialist insurance and reinsurance player Lloyd's is eyeing an onshore Tier 1 reinsurance licence in Malaysia.
Its chairman John Nelson is hopeful that Bank Negara Malaysia will approve the application for the licence in two months.
Operations are likely to begin in the first quarter of 2017.
“We are currently in advanced discussions," he said at a media briefing today.
Source: New Straits Times