Tag: Announcements

Labuan’s total earned premium for captive insurance business increased by 18.8 percent to $252 million in 2016, despite an overall decrease in total gross premium. The Labuan Financial Services Authority (LFSA) Annual Report suggested that the increase in total earned premium for captive business was due to higher retention for all sectors, while the 6.9…

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Summary Labuan IBFC offers prospective captive owners a business friendly regulatory environment with a modern, well-developed and low cost infrastructure that includes access to the latest risk management tools and techniques. These include the possibility of developing tailored long-term, broad risk contracts. Globally, major reinsurers foresee an increased utilisation of these long-term, broad risk contracts,…

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With Asian companies on the verge of embracing the use of captives as a form of risk management and transfer, leading to an explosion in their use, Labuan IBFC is well positioned as the domicile that could benefit most from this, as Danial Mah Abdullah, its chief executive, tells EMEA Captive. In the US, more…

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