DOCSLIB.ORG

As a Trusted Partner Standing Strong As a Trusted Partner

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
As a Trusted Partner Standing Strong As a Trusted Partner ANNUAL REPORT 2015 STANDING STRONG AS A TRUSTED PARTNER STANDING STRONG AS A TRUSTED PARTNER Amidst the challenges of an evolving global insurance landscape, the MNRB Group continues to stand strong as a trusted partner to financial industries. Via the Group’s reinsurance, takaful and retakaful businesses in Malaysia, and abroad, we are steadfastly protecting client investments and enabling economic growth. Being a knowledge company and a thought leader, we have devoted substantial resources to understanding current and future risks by considering every number, statistic, segment and variable of every reinsurance, takaful and retakaful activity that we undertake. As we venture forth into a highly challenging market environment, we will continue to leverage on astute business strategies and enduring partnerships to deliver a robust performance. By balancing out our good economic performance with responsible corporate practices, we are confident of delivering resilient and sustainable growth. 066 INSIDE 66 MALAYSIAN REINSURANCE BERHAD 67 Corporate Profile 002 68 Corporate Information THIS 2 MNRB HOLDINGS 69 Directors’ Profile ANNUAL REPORT BERHAD 74 Senior Management Team 3 Corporate Profile 75 Senior Management Team’s Profile 4 Corporate Milestones 77 Corporate Activities and Services 5 Notice of 42nd Annual General Meeting 79 Malaysian Re’s Portfolio of Business 8 Statement Accompanying Notice of Annual General Meeting 9 Corporate Information 10 Group Structure FOR MORE INFORMATION 11 Chairman’s Statement Please scan the QR Code to 19 Board of Directors redirect to the official website: 22 Directors’ Profile 080 www.mnrb.com.my 26 Senior Management Team 80 TAKAFUL IKHLAS BERHAD 28 Senior Management Team’s Profile 81 Corporate Profile 30 Five-Year Financial Highlights 82 Corporate Information 32 Financial Calendar 2015 83 Directors’ Profile 33 MNRB’s Growth 88 Profile of Shariah Committee Members 34 Investors’ Information 90 Senior Management Team 35 Sustainability Report 104 91 Senior Management Team’s Profile 46 Event Highlights 104 MALAYSIAN RE 93 Takaful IKHLAS’ Portfolio of Business (DUBAI) LTD. 48 Statement on Corporate Governance 105 Corporate Profile 59 Audit Committee Report 106 Corporate Information 61 Statement on Risk Management and 107 Directors’ Profile Internal Control 109 Senior Executive Officer’s Profile 64 Statement of Directors’ Responsibility in Relation to the Financial Statements 65 Additional Compliance Information 094 111 Financial Statements 94 MNRB RETAKAFUL 237 Analysis of Shareholdings BERHAD 240 List of Properties 95 Corporate Profile • Proxy Form 96 Corporate Information 97 Directors’ Profile 110 110 MMIP SERVICES 100 Profile of Shariah Committee Members SDN. BHD. 102 President & CEO’s Profile 110 Corporate Profile 103 MRT’s Portfolio of Business 110 Corporate Information A RESILIENT PARTNER By remaining resilient amidst industry challenges and consistently delivering on our promises to our partners, MNRB continues to explore new areas of growth opportunity. The strong foundations we have laid and long-term partnerships we have fostered continue to hold us in good stead. As we build upon these, we are extending our reach and opening up new avenues of opportunity. //MNRB HOLDINGS BERHAD //ANNUAL REPORT 2015 CORPORATE MNRB HOLDINGS BERHAD PROFILE Authorised Capital of RM500 million Paid-up Capital of RM213 million MALAysIAN NATIONAL REINsuRANCE BERHAD, the country’s national reinsurer was set up in 1972 TO LIMIT THE OUTFLOW OF REINsuRANCE PREMIUMS OVERSEAS. The Company commenced operations on 9 February 1973. In 2005, as a result of a restructuring exercise as a takaful operator. Its reinsurance subsidiary within the MNRB Group, the Company’s stands tall among the top reinsurers in the reinsurance license, business and assets region, writing lines of general businesses were transferred to its subsidiary company, locally and abroad. In Malaysia, its takaful Malaysian Reinsurance Berhad. Pursuant to the operator vies with the leaders in the provision restructuring, Malaysian National Reinsurance of Islamic financial protection services based Berhad became an investment holding company on the takaful system. and changed its name to MNRB Holdings Berhad (MNRB). Today, MNRB is listed on the CAPITAL STRUCTURE Malaysian Bourse (Bursa Malaysia). Its market capitalisation stood at RM803.26 million as at The Company has an Authorised Capital 31 July 2015. of RM500 million, divided into 500 million ordinary shares of RM1.00 each and a The MNRB Group comprises leading wholesale Paid-up Capital of RM213 million, divided into providers of reinsurance and retakaful as well 213 million ordinary shares of RM1.00 each. 3 MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLD- INGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD//MNRB HOLDINGS∙ MNRB BERHADHOLDINGS BERHAD //ANNUAL REPORT 2015 ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRBMNRB HOLDINGS HOLDINGS BERHAD BERHAD ∙ MNRB HOLD- INGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLD- INGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLD- INGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLD- INGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLD- INGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLD- INGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLD- INGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLD- INGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLD- INGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD ∙ MNRB HOLDINGS BERHAD
Load more

Recommended publications
  • MID TERM EVALUATION Malaysian Building Integrated Photovoltaic Project (MBIPV) Government of Malaysia United Nations Developm
    MID TERM EVALUATION Malaysian Building Integrated Photovoltaic Project (MBIPV) Government of Malaysia United Nations Development Programme Global Environment Facility FINAL DRAFT VERSION November 2008 LIST OF ABBREVIATIONS ASEAN Association of South-East Asian Nations APR-PIRs annual project implementation reviews BIPV building integrated PV CETREE Centre for Education and Training in Renewable Energy and Energy Efficiency CO2 carbon dioxide DOS Department of Statistics EC Energy Commission (= ST) EE energy efficiency EPU Economic Planning Unit (of Prime Minister‟s Office) ESCO energy services company GCPV grid connected PV GEF Global Environmental Facility GHG greenhouse gas IEA International Energy Agency IEA-PVPS IEA Implementing Agreement on Photovoltaic Power Systems IEM Institution of Engineers of Malaysia IKRAM IKRAM Structure Assessment Sdn Bhd k kilo kW kilo Watt kWp kilo Watt peak KTAK Kementarian Tenaga, Air dan Komunikasi (= MEWC) MBIPV Malaysian Building Integrated Photovoltaic Project MEPA Malaysian Energy Professionals Association MEWC Ministry of Energy, Water and Communications (= KTAK) MPIA Malaysian Photovoltaic Industry Association MIDA Malaysian Industrial Development Agency NPD National Project Director NPL National Project Leader NSC National Steering Committee OPP3 Third Outline Perspective Plan (2001-2010) PRC Project Review Committee PTM Pusat Tenaga Malaysia (Malaysia Energy Centre PV Photovoltaic RM Malaysian Ringgit REEF Renewable Energy & Energy Conservation Fund SIRIM Standards and Industrial Research Institute
    [Show full text]
  • MNRB 2011 AR :Layout 1
    REACHING NEW HEIGHTS MNRB HOLDINGS BERHAD annual report 2011 (13487-A) Reaching New Heights MNRB Holdings Berhad (MNRB) today benefit its clients. Vast experience and represents a solid combination of various strong leadership form a unified Group that subsidiaries with diverse strengths to will continuosly soar to a greater height. contents MNRB HOLDINGS BERHAD MALAYSIAN REINSURANCE MALAYSIAN RE (DUBAI) LTD. BERHAD 4 Corporate Profile 98 Corporate Profile 5 Corporate Milestones 58 Corporate Profile 99 Corporate Information 7 Notice of 38th Annual General 59 Corporate Information 100 Directors’ Profile Meeting 60 Directors’ Profile 101 Senior Management Team’s Profile 10 Statement Accompanying Notice 63 Management Team of Annual General Meeting 64 Senior Management Team’s Profile MMIP SERVICES SDN.BHD. 11 Corporate Information 67 Corporate Activities and Services 12 Directors’ Profile 69 Malaysian Re’s Portfolio of Business 102 Corporate Profile 15 Management Team 103 Corporate Information 16 Senior Management Team’s Profile TAKAFUL IKHLAS SDN. BHD. 19 Group Structure 20 Chairman’s Statement 72 Corporate Profile 26 Corporate Social Responsibility 73 Corporate Information 34 Statement on Corporate 74 Directors’ Profile Governance 77 Shariah Committee Members’ 44 Audit Committee Report Profile 47 Statement on Internal Control 79 Management Team 49 Statement of Directors’ 80 Senior Management Team’s Profile Responsibility in Relation to the Financial Statements MNRB RETAKAFUL BERHAD 50 Statement on Risk Management 52 Five-Year Financial Highlights
    [Show full text]
  • Circular to Shareholders in Relation to the Proposed Renounceable Rights Issue with Warrants
    THISTHIS CIRCULAR CIRCULAR IS IS IMPORTANT IMPORTANT AND AND REQUIRES REQUIRES YOUR YOUR IMMEDIATE IMMEDIATE ATTENTION. ATTENTION. THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. IfTHISIfTHIS you you CIRCULAR CIRCULARare are in in any anyIS IS doubtIMPORTANT doubtIMPORTANT as as to to ANDthe ANDthe course REQUIREScourse REQUIRES of of action YOURaction YOUR toIMMEDIATE toIMMEDIATE be be taken, taken, ATTENTION.you ATTENTION.you should should consult consult your your Ifstockbroker,stockbroker, you are in bank anybank manager,doubt manager, as solicitor,to solicitor, the course accountant accountant of action or or other otherto be professional professional taken, you advisers advisersshould immediately.consult immediately. your IfIf you you are are in in any any doubt doubt as as to to the the course course of of action action to to be be taken, taken, you you should should consult consult your your stockbroker, bank manager, solicitor, accountant or other professional advisers immediately. Bursastockbroker, Bursastockbroker, Securities Securities bank banktakes takes manager, nomanager, no responsibility responsibility solicitor, solicitor, for for accountantthe accountantthe contents contents orof orof thisother thisother Circular, Circular, professional professional makes makes no advisersno advisersrepresentation representation immediately. immediately. as as to to its its Bursaaccuracyaccuracy Securities or or completeness completeness takes no responsibilityand and expressly expressly for disclaims disclaimsthe contents any any liability ofliability this whatsoeverCircular, whatsoever makes for for anyno any representationloss loss howsoever howsoever as arising toarising its accuracyfromBursafromBursa or Securities or inSecurities orin reliance reliancecompleteness takes takesupon upon no nothe responsibilitytheand responsibility whole whole expressly or or any anyfor disclaimsfor part the part the ofcontents of contentsthe anythe contents contentsliability of of this this of whatsoeverCircular, of Circular,this this Circular.
    [Show full text]
  • 2013 Annual Report a Trusted Partner
    2013 annual report A Trusted Partner For over forty (40) years, the MNRB Group has made its mark as the National Reinsurer and has continued to evolve into being a trusted partner to financial industries. Over these years, the group has grown and today encompasses the reinsurance, takaful and retakaful businesses. We have also moved beyond Malaysian shores to other parts of Asia as well as the Middle East and Africa and are set to further extend our international footprint as a leading risk solutions provider. As we venture forth, we will continue to leverage on our robust financial standing, astute business strategies and strong partnerships to leave an imprint and create a sustainable future for the Group and its stakeholders. Contents MNRB HOLDINGS BERHAD MALAYSIAN REINSURANCE MNRB RETAKAFUL BERHAD BERHAD 004 Corporate Profile 100 Corporate Profile 005 Corporate Milestones 070 Corporate Profile 101 Corporate Information th 010 Notice of 40 071 Corporate Information 102 Directors’ Profile Annual General Meeting 072 Directors’ Profile 105 Shariah Committee 012 Statement Accompanying 076 Senior Management Team Members’ Profile Notice of Annual General Meeting 078 Senior Management Team’s Profile 108 President & 013 Corporate Information 079 Corporate Activities and Services Chief Executive Officer's Profile 014 Board of Directors 081 Malaysian Re’s Portfolio of Business 109 MRT’s Portfolio of Business 016 Directors’ Profile 020 Senior Management Team MALAYSIAN RE (DUBAI) LTD. 022 Senior Management Team’s Profile TAKAFUL IKHLAS SDN. BHD. 025 Group Structure 112 Corporate Profile 026 Chairman’s Statement 084 Corporate Profile 113 Corporate Information 036 Corporate Social Responsibility 085 Corporate Information 114 Directors’ Profile 046 Statement on 086 Directors’ Profile 115 Senior Executive Officer's Profile Corporate Governance 090 Shariah Committee 058 Audit Committee Report Members’ Profile 060 Statement on Risk Management 092 Senior Management Team MMIP SERVICES SDN.
    [Show full text]
  • An Assessment of Ramin Trade in Indonesia, Malaysia and Singapore
    FRAMING THE PICTURE: AN ASSESSMENT OF RAMIN TRADE IN INDONESIA, MALAYSIA AND SINGAPORE BY LIM TECK WYN TONNY SOEHARTONO CHEN HIN KEONG A TRAFFIC SOUTHEAST ASIA REPORT Published by TRAFFIC Southeast Asia, Petaling Jaya, Selangor, Malaysia © 2004 TRAFFIC Southeast Asia All rights reserved. All material appearing in this publication is copyrighted and may be produced with permission. Any reproduction in full or in part of this publication must credit TRAFFIC Southeast Asia as the copyright owner. The views of the authors expressed in this publication do not necessarily reflect those of the TRAFFIC Network, WWF or IUCN. The designations of geographical entities in this publication, and the presentation of the material, do not imply the expression of any opinion whatsoever on the part of TRAFFIC or its supporting organizations concerning the legal status of any country, territory, or area, or its authorities, or concerning the delimitation of its frontiers or boundaries. The TRAFFIC symbol copyright and Registered Trademark ownership is held by WWF, TRAFFIC is a joint programme of WWF and IUCN. Layout by Noorainie Awang Anak, TRAFFIC Southeast Asia Suggested citation: Lim, T.W., Soehartono, T. and Chen, H.K. (2004). Framing the picture: An assessment of ramin trade in Indonesia, Malaysia and Singapore. TRAFFIC Southeast Asia ISBN - Photograph credit: Ramin grows to substantial height (up to 45m) and diameter (30-120cm), as seen here in Malaysia. (Picture courtesy of FRIM-UNDP/GEF Peat Swamp Forest Project) FRAMING THE PICTURE : AN ASSESSMENT
    [Show full text]