Kemah Capital Announces Underwriting Agreement with Malaysian Re
Kemah Capital, a Specialty Lines Managing General Agency, is proud to announce that it has entered into an underwriting agency contract with Malaysian Re.
Under the terms of the contract, Kemah Capital is authorized to write a varied portfolio on behalf of Malaysian Reinsurance Berhad. Kemah will write African Treaty Reinsurance business. This expansion of business will complement the portfolio of African Treaty business which Kemah Capital currently underwrites on behalf of Clear Spring Property and Casualty Company and Active Capital Reinsurance Ltd..
Malaysian Re has a Financial Strength Rating (“FSR”) of “A-” (Excellent) and an Issuer Credit Rating of “a-” from A.M. Best Outlook of both ratings confirmed as Stable, 10 Dec 2020. Malaysian Re has a Financial Strength (IFS) rating of ‘A’ (Strong) from Fitch with a Stable Outlook, 2 Feb 2021.
Commenting on the announcement, Graham Bell, Kemah’s President and Head of Treaty said “We are thrilled to be entering into this relationship with such an outstanding leading global reinsurer.”
Kemah will write on behalf of Malaysian Re with immediate effect for risks attaching on or after 1st January, 2022.
Contact : www.kemahcapital.com