MNRB Holdings Bhd. subsidiary MNRB Retakaful Bhd. changed its name to Sinar Seroja Bhd., effective Dec. 4.

The name change follows the internal restructuring of the company, which involves the transfer of the family retakaful and general retakaful businesses from MNRB Retakaful Bhd. to Malaysian Reinsurance Bhd.

The business transfer took place Dec. 1. The retakaful business will now be carried out by Malaysian Re.