AFR Asia Pacific becomes Malaysia's first Lloyd's broker

Malaysia-based AFR Asia Pacific Ltd. has become the nation's first reinsurance broker to register with Lloyd's of London, Asia Insurance Review reported.

AFR Asia Pacific had received approval from Lloyd's in November to deal directly with the Lloyd's syndicates.

"AFR customers will benefit from Lloyd's specialist underwriting expertise for their local and global risks," a Lloyd's Asia Pacific official said.

"Having the Lloyd's status will enable AFR to develop its risk offering to the rapidly growing Asean Economic Community," AFR CEO Ahmad Farouk Faizi said.

Read more