Ed to become exclusive treaty broker to MURE

Ed, the reinsurance, wholesale and specialty broking group, today announced it has signed a memorandum of understanding, through its subsidiary Cooper Gay Asia, to become the exclusive treaty broker for MURE, the reinsurance arm of MIR Insurance Brokers, Indonesia’s third largest insurance broker.

Kieran Angelini-Hurll, CEO of Ed’s reinsurance division, said: “I am very pleased that we have reached an agreement with MURE to become their exclusive broker for treaty business. Developing mutually beneficial partnerships with local, independent brokers is central to our business philosophy. We have no conflicts of interest, unlike many of our larger peers. This will allow us to succeed and flourish in markets where they have faltered. Indonesia represents one such market. There is tremendous growth potential in the region and this agreement will enable us to develop our presence in what will undoubtedly be one of the key growth engines in the Asian marketplace.”

Wismar Nainggolan, President Director , MURE, said: “We are very pleased to have entered into a partnership with Ed, through its subsidiary Cooper Gay Asia and I am certain that our clients will quickly see the benefits which this agreement will confer.”