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Lloyd's targets takaful, Malaysia

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Lloyd's of London is targeting takaful to support its foray into emerging markets, reports Reuters.

Lloyd's is also looking to set up shop in Malaysia.

These moves are part of Lloyd's strategy to expand in developing regions with low insurance penetration.

Vincent Vandendael, director of global markets at Lloyd's, said that Lloyd's would target the United Arab Emirates and Saudi Arabia along with Malaysia.

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