Heath Lambert has formally launched a Malaysian venture, in partnership with local broker Antah.

Heath Lambert group managing director Adrian Colosso, said the company had seen potential in the Malaysian market several years ago.

The new venture, called Antah Heath Lambert, was formed last year, but was only recently officially launched.

In the past few months, Antah Heath Lambert and Heath Lambert Asia Pacific have won contracts to insure assets worth more than 63 billion Malaysian Ringgit, with success in the oil and gas, housing and rail sectors, said Heath Lambert.

Colosso said: “We see enormous potential for growing and developing the Malaysian market and are making a strong commitment to the region.

“By investing in further training and developing of our people and partners in Malaysia, we aim to secure our position as the pre-eminent broker in our chosen sectors and to help develop the risk sector in the region.”