Swiss Re Corporate Solutions has opened a new office in Kuala Lumpur. The office, which began operations on 1 March 2017, will function under a Labuan FSA reinsurance license and will focus on servicing large and upper mid-sized Malaysian businesses through broking partners and intermediaries.
"Malaysia is a key focus for us and having a local presence will enable us to more closely collaborate with the market," said Fred Kleiterp, Asia-Pacific CEO for Swiss Re Corporate Solutions. "We will use our large net capacity, and the financial strength of the Swiss Re Group to provide traditional and customised reinsurance solutions to corporations across several industries, including oil and gas, manufacturing, agriculture, marine, aviation and construction."
The team in Kuala Lumpur will be led by Juerg Stoll, a seasoned Swiss Re leader, who has more than 30 years of industry experience, more recently as Country Head Japan at Swiss Re Corporate Solutions. He will report to Jonathan Rake, Head South East Asia at Swiss Re Corporate Solutions.
"I'm excited that Juerg is joining our South East Asia team as we continue to strengthen our local market position," said Mr. Rake. "Juerg's industry experience and track record of establishing operations and launching new products make him the ideal partner to deliver on our ambitious plans. I'm looking forward to building our team in Malaysia further from the local insurance talent and providing clients and brokers with our world-class solutions and services locally."
Mr. Stoll said: "I'm enthused about building a long-lasting presence in Malaysia and supporting the country's economic growth ambitions with reliable contingent capital. I'm also excited to have the chance to further strengthen our unique brand in Malaysia."
Swiss Re Corporate Solutions serves clients and brokers in APAC from 11 offices in six countries: Australia, China, Hong Kong, Japan, Malaysia and Singapore.