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Malaysian Re (Dubai) Ltd

Malaysian Re (Dubai) Ltd (MRDL), a wholly owned subsidiary of MNRB, was incorporated on 7 December 2006 in Dubai, the United Arab Emirates. Its office is situated within the strategic Dubai International Financial Centre (DIFC) and regulated by the Dubai Financial Services Authority (DFSA). 

MRDL is engaged in developing business for its sister company, Malaysian Re in the Middle East. Its primary functions are to develop relationships with clients around this region as well as provide services and underwriting support to them. Its close proximity to this target market gives MRDL an edge when servicing its clients. 

All businesses of MRDL are fully underwritten by Malaysian Re. MRDL will continue to expand its market presence and is committed to being at the forefront of the reinsurance and retakaful segments within the region.

 

CORPORATE INFORMATION

BOARD OF DIRECTORS
DATUK JOHAR CHE MAT
Non-Independent Non-Executive Chairman/Director

DATUK JOHAR CHE MAT, Male, Malaysian, a Non-Independent Non-Executive Chairman since 5 January 2020. He obtained a Bachelor of Economics degree from University of Malaya in 1975. He has thirty-four (34) years’ of experience in the banking industry. He began his career in 1975 as an Officer at the Prime Minister’s Department. In 1976, he joined Malayan Banking Berhad (“Maybank”) where he served in various divisions including in senior positions as the Manager/Senior Manager covering the transactional banking (operations), retail finance, retail marketing and private banking. From 1993 to 1995, he was appointed as the Regional Manager for Maybank branches in Selangor and Negeri Sembilan. In 1996, he was promoted as the General Manager, Commercial Banking Division and subsequently served as the Senior General Manager, Corporate Banking and Enterprise Banking Division in 2000. In 2002 he was promoted as the Senior Executive Vice President, Retail Financial Services and was thereafter appointed as the Chief Operating Officer of the Maybank Group from 2006 till 2010. In 2012, he was designated as the Board representative of Amanah Raya Berhad. He was also Independent Non-Executive Director of MNRB Holdings Berhad since 1 October 2017 and was subsequently appointed as Non-Independent Non-Executive Chairman of MNRB Holdings Berhad effective 1 July 2019. Datuk Johar, who is the existing Chairman of Takaful Ikhlas Family Berhad and Takaful Ikhlas General Berhad since 30 November 2018 and 3 January 2019, respectively was also re-designated as Non-Independent Non-Executive Chairman of these Boards effective 1 July 2019. He is also a Director of Rural Capital Berhad, MBSB Bank Berhad, DagangNeXchange Berhad and Motordata Research Consortium Sdn. Bhd.

Mohd Din Merican
Board Member

MOHD DIN MERICAN, Malaysian. Non-Independent Non-Executive Director effective from 5 February 2012. Obtained Bachelor of Commerce (Honours) degree from Carleton University, Ottawa, Canada. He is an Associate of The Malaysian Insurance Institute (AMII) since 1991. He has thirty (30) years’ experience in the insurance industry and has held key management positions in various insurance, insurance broking and reinsurance firms including being the Principal Officer & General Manager of SCOR Switzerland Ltd, Labuan Branch. Prior to joining MNRB Holdings Berhad as the President & Group CEO, he was the Chief Executive Officer of Etiqa Insurance Berhad. Formerly a member of Management Committee of Persatuan Insurans Am Malaysia, National Insurance Association of Malaysia and President of Life Insurance Association of Malaysia. Also a Director of Malaysian Reinsurance Berhad, Takaful Ikhlas Family Berhad, Takaful Ikhlas General Berhad, Sinar Seroja Berhad, Labuan Reinsurance (L) Ltd., Malaysian Re (Dubai) Ltd. and Motordata Research Consortium Sdn. Bhd. On 23 November 2018, he was appointed as the President & CEO of Takaful Ikhlas Family Berhad.

ZAINUDIN ISHAK
Board Member

ZAINUDIN ISHAK, Malaysian. Non-Independent Non-Executive Director effective from 23 April 2015. Currently, the President & Chief Executive Officer of Malaysian Re. An Associate member of Malaysian Insurance (AMII) since 1994. He started his career as Executive at Trust International Insurance Sdn Bhd in 1989. He joined Commerce Assurance Berhad (now CIMB Aviva Takaful Berhad) in 1994 and appointed CEO in 2006.  In 2009, he then joined HSBC Amanah Takaful Berhad as Executive Director & Chief Executive Officer. He served as Chairman of Malaysian Takaful Association until early 2015. Also a Director of MMIP Services Sdn Bhd and Financial Park (Labuan) Sdn Bhd.

George Oommen
Independent Non-Executive Director

GEORGE OOMMEN,  male, Malaysian, Independent Non-Executive Director since 5 September 2018. He is a Chartered Accountant with the Malaysian Institute of Accountants. He is also a Certified Accountant by the Chartered Association of Certified Accountants United Kingdom and the Malaysian Association of Certified Public Accountants Malaysia. He has thirty-six (36) years’ of experience in the insurance industry. He began his career in 1981 when he joined American International Assurance Company Ltd as an Accountant. In 1999, he joined AIG Lippo Life Insurance Company, Indonesia as Vice President-Director. He then joined TATA AIG Life Insurance Company, India, in 2001, as Managing Director.  George Oommen later joined ACE INA Holdings Inc, India as Country Head/CEO in 2001. In 2003, he joined ACE Life, Cairo, Egypt as Chairman/Managing Director. In 2005, he joined ACE India Representative Office, India as Country Head/CEO. In 2006, he joined Signtech International Sdn Bhd as Chief Executive Officer. He later joined Dubai International Financial Centre (DIFC), UAE in 2007 where he was appointed as the Executive Director, Business Development. In 2010, he joined MENA Dubai, UAE as CEO & General Representative, Assicurazioni Generali S.p.A. Not related to any Director and/or major shareholder of MNRB. Also a Director of MNRB Holdings Berhad, Takaful Ikhlas Family Berhad and Takaful Ikhlas General Berhad. On January 7, 2019, he was appointed as the new Independent Non-Executive Chairman / Director of Malaysian Reinsurance Berhad. He was also appointed as the Chairman of Labuan Reinsurance (L) Ltd on 25 October 2019.

MANAGEMENT TEAM
AHMAD SAIFUL BAHRI MOHAMED
Senior Executive Officer

AHMAD SAIFUL BAHRI MOHAMED is the Senior Executive Officer of Malaysian Re (Dubai) Ltd. (MRDL) since 1 st April, 2018. Prior to this, he served as Vice President of Business Region 1 of Malaysian Re, a sister company of MRDL. He was with Malaysian Re for 14 years, a company where he first joined as Assistant Manager of Business Unit 1 in 2003. He started his career as an Executive with Hannover Re, Malaysia in 1996 before joining Employers Reinsurance Corporation (ERC) in 2000 as Assistant Manager. He graduated with an Advanced Diploma in Business Studies (Insurance) – equivalent to a Bachelor’s Degree (Hons) from Universiti Teknologi Mara (UiTM) in 1995.

REGISTERED OFFICE
Unit 101, Level 1
Gate Village 4, The Gate District
Dubai International Financial Centre
P. O. Box 506571
Dubai, United Arab Emirates
Tel : +971 4 3230388
Fax : +971 4 3230288
Website : www.mnrb.com.my/malaysianre-dubai