Malaysia’s Labuan International Business and Financial Centre (Labuan IBFC) has approved four more firms to join its ranks of captive insurance companies in the first half of 2018.
The news was revealed by Labuan IBFC chairman Dato Mohammed Azlan Hashim at the Asian Captive Conference in Kuala Lumpur. He added that in the first half of 2018, the Labuan Financial Services Authority (FSA) has already equalled the number of captive insurance licences it granted last year. Hashim added that he hopes the positive trend will continue throughout the year, and that there are already a total of 47 captive insurers licenced by the FSA.
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