Global insurer and reinsurer Allied World Assurance Company Holdings, GmbH has announced the development and launch of a new retakaful window by the Labuan branch of Allied World Assurance Company, Ltd.
The Labuan Branch retakaful window has been established to take advantage of both consumer and commercial opportunities.
According to an announcement on the launch, it will cater to numerous lines of business, including property, casualty, construction & engineering, professional lines, healthcare liability, marine cargo, and group personal accident.
Vice President, Country Manager & Principal Officer of the Labuan Branch, Ramesh Sivanathan, said: “We are excited to be supporting Malaysia’s ambition to become a respected international Islamic insurance hub and look forward to supporting this fast growing segment of the Malaysian market.”
