Malene Insurance Brokers becomes Howden Takaful Brokers, the largest Shariah-compliant specialist broker in Malaysia

News

Published

07 December 2021

Kuala Lumpur, 7 December – Howden, the international insurance broker, today announced that further to its merger with Malene Insurance Brokers in February 2019, Malene will operate as Howden Takaful Brokers, a fully dedicated Takaful specialist, reinforcing Howden’s commitment to respond to the growing demand for Islamic driven solutions and providing a strong foundation for growth in Asia.

Howden Takaful Brokers’ team of 30 specialists will offer bespoke shariah-compliant solutions across Howden’s product range. They will sit alongside Howden’s other broking teams and will offer clients seamless access to bespoke Takaful solutions in specialty, reinsurance and retail lines.

Ismam Shahrin Ismail, CEO, Howden Takaful Brokers, reiterated the benefits of being part of a large international broker: “Our clients benefit from a diverse range of insurance solutions across a wide spectrum of sectors and the expertise, data and analytics capability and product knowledge of Howden’s global offering as we continue to develop bespoke Takaful solutions across Howden’s business areas. In Howden, we have found a place that shares our values of client centricity and innovation, which has allowed us to grow. We are now the largest power broker in Malaysia, and we will continue to focus on developing the Takaful solutions for which we are known in the Malaysian market.”

Now the largest Takaful broker in Malaysia, the provision of a singular Takaful entity in the Malaysian market underscores Howden’s strategy to utilise local expertise to deliver optimised (re)insurance solutions that are tailored to client’s operational priorities. Howden Takaful Brokers’ established relationships with key Takaful operators in Malaysia will translate into solutions that are expertly adapted to clients’ cultural and operational needs.

Eddy PK Hon, Country Manager for Howden Malaysia, said: “Since Malene joined the group in 2019, we have enjoyed working with a talented team of individuals who share our commitment to clients, colleagues and specialist expertise. Howden Takaful Brokers provides a solid platform for growth as we look to expand the breadth and depth of our client offering alongside our specialist insurance, employee benefits and personal lines portfolio, via traditional means and our online trading platform, instaPOL.my.”