Singapore – Mandarin Re, a leading reinsurance firm based in Malaysia, has been awarded the “Underwriting Initiative of the Year for Malaysia” at the Insurance Asia Awards 2025, held in Singapore on 8 July.

Presented by Insurance Asia magazine, the annual awards celebrate companies that have demonstrated outstanding performance, innovation, and leadership in the insurance and reinsurance landscape across Asia.

Founded in 2015, Mandarin Re has steadily grown its presence in the region, closing the 2024 financial year with a turnover of USD 42 million, marking a 25% year-on-year increase. The award acknowledges the company’s progressive underwriting strategy and its role in advancing risk solutions tailored to the evolving needs of ASEAN markets.

In accepting the recognition, Mandarin Re reaffirmed its dedication to shaping a more resilient insurance ecosystem in Southeast Asia, with a focus on adaptive underwriting models, cross-border collaboration, and emerging risk frameworks.

The accolade positions Mandarin Re as one of the standout performers among ASEAN reinsurers, reinforcing Malaysia’s growing footprint in the regional financial services industry.