Reinsurance News
Labuan IBFC
Labuan IBFC targets China outreach via Tricor Group partnership
24th June 2019
The Labuan International Business and Financial Centre (Labuan IBFC) is looking to strengthen is marketing outreach and development initiatives in China via a new partnership with Tricor Group. Tricor, which is one of the leading Trust Company Service Providers (TCSP) in Labuan IBFC, will help the Centre to explore opportunities in ... Read the full article
Labuan leads captive market in Asia, with six new formations in 2018
31st May 2019
Labuan IBFC remained the leading jurisdiction in Asia for captive formations in 2018, with six new formations over the year bringing its total number of captives to 48. Farah Jaafar-Crossby, CEO of Labuan IBFC Inc., noted that the jurisdiction’s captive market growth outpaced other Asian hubs such as Singapore and Hong ... Read the full article
Labuan IBFC continues insurance sector growth in 2018
28th March 2019
The Labuan International Business and Financial Centre (Labuan IBFC) posted strong growth in its insurance sector during 2018, with total gross written premiums rising 19.1% to $1.7 billion. This represents a significant jump compared with the Centre’s performance in 2017, when gross written premiums increased by just 2.2%. Labuan IBFC said ... Read the full article
Labuan IBFC records insurance sector growth in 2017
16th July 2018
The Labuan International Business and Financial Centre ( Labuan IBFC) has revealed that it continued to serve the growing regional insurance sector in 2017, with gross written premiums (GWP) increasing by 2.2% to US$1.4 billion. Throughout the year, 14 insurance and insurance-related new set-ups launched in the region, although the overall ... Read the full article
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