MNRB Holdings Berhad agrees to acquire the remaining 80% equity interest in Labuan Reinsurance (L) Ltd for a total cash consideration of approximately US$100.69 million (RM400.49 million), in a deal expected to complete by the fourth quarter of 2026.
The Malaysian insurer’s captive cell is backed by Asia’s largest reinsurer, China Re, with endorsement from the LFSA
The Malaysian financial hub is ‘pleased’ to announce new board members, Annie Undikai and Dr Ken Lim
Regional event to spotlight self-insurance and risk innovation across Asia Pacific
Sandeep Gopal will collaborate closely with Chris Colahan, regional president for APAC at AIG General Insurance, to promote operational excellence and innovation
Insurtech firm Zhibao Technology has launched a new reinsurance subsidiary, Zhibao Labuan Reinsurance Company, to focus on general reinsurance business outside mainland China
RAM Ratings has awarded its highest ‘aaa’ Labuan Entity Credit Assessment (LECA) rating to TNB Global Captive, based in the Labuan International Business and Financial Centre
The business will offer reinsurance solutions across Asia Pacific in addition to South Asia, the Gulf Cooperation Council countries, and Eastern Europe, providing additional capacity for specialty lines of business and hard-to-place risks
