Labuan boosts 2007 reinsurance premiums 40% to $919m
Malaysia’s offshore hub, the Labuan International Business and Financial Centre (IBFC) has grown its reinsurance business by 40.3% in 2007, taking $919.2m in premiums, of which 62.0% were non-Malaysian .
It its 2007 annual report the Labuan Offshore Financial Services Authority also highlighted the strong growth in retakaful contributions, which amounted to $108.4m, an increase of 42.8% from 2006.Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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