Mandarin Re, a specialty property and casualty reinsurance company, has increased its paid-up capital to $26m.
The capital increase, the second this year, underpins Mandarin Re’s annual gross written premium target of $70m in 2026. The previous increase was in February 2026, when the company raised its capital from $20m to $23.5m.
According to a statement from the reinsurer, this increase aligns with the firm’s disciplined approach to capital management, portfolio development and operational excellence. Also, it reflects Mandarin Re’s commitment to continued prudent growth by backing under-served cedants generating high-quality premiums in countries around the world.
“Mandarin Re is growing, following a carefully mapped plan,” said Mr Redzal bin Mohamad, CEO of the reinsurer licensed by the Labuan Financial Services Authority in Malaysia.
“We are reaching into new territories with new products, we have hired exceptional new underwriters and support personnel, and we are very pleased to welcome new clients, too.”
“We see enormous opportunity for very careful growth during the current softening market. Our risk selection process is focussed on margin analysis,” said Mandarin Re Board Member and COO Mikhail Grishin.
Mr Grishin also noted that reinsurers slashing exposure in certain regions has left cedants without access to sufficient quality capital. He stated the reinsurer’s eagerness “to provide long-term support by filling those voids”.
The reinsurer works with partners across Asia, Europe, Latin America, the Middle East and other regions.