Howden unveils large Shariah-compliant ‘power broker’ in Asia

International insurance broker  Howden has unveiled the largest Shariah-compliant specialist broker in Malaysia, in response to the growing demand for Islamic driven solutions in the market. The move is a part of its growth strategy to utilise local expertise to deliver optimised re/insurance solutions tailored to clients’ cultural and operational needs.

Howden 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, and provide 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.

“ 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,” said Eddy PK Hon, country manager for Howden Malaysia.

Ismam Shahrin Ismail, chief executive officer of Howden Takaful Brokers, said: “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.

“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.”

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