Kuala Lumpur, 1 April 2015 - MNRB Holdings Berhad (MNRB) today announced the appointment of Zainudin Ishak as the new President & Chief Executive Officer (CEO) of its reinsurance subsidiary, Malaysian Reinsurance Berhad (Malaysian Re). Zainudin is taking over from Hashim Harun who retired on 31 March 2015 after leading the Company for 7 years.

Zainudin had previously served as the Executive Director & CEO of HSBC Amanah Takaful (Malaysia) Berhad and earlier as CEO of CIMB Aviva Takaful Berhad. He brings with him over 25 years of working experience in the Malaysian insurance industry serving in various Management positions. An Associate member of Malaysian Insurance Institute (AMII), Zainudin has extensive knowledge in managing insurance and takaful businesses. He was also Chairman of Malaysian Takaful Association until recently.

Sharkawi Alis, Chairman of MNRB said, "A proven leader with impressive business results and in-depth industry experience, I am confident that Zainudin will be able to deal with the challenges and bring Malaysian Re to the next level".

MNRB is an investment holding company. Its wholly owned subsidiaries are Malaysian Re, Takaful Ikhlas Berhad (Takaful IKHLAS), MNRB Retakaful Berhad (MRT) and Malaysian Re (Dubai) Ltd. MNRB is listed on the Main Market of the Bursa Malaysia Securities Berhad.www.mnrb.com.my .

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