Captive insurance coverage to be a main focus in Labuan IBFC’s 5-year strategic roadmap

Sturdy progress continues with 18 new captives accepted as at Q3 2021; complete premiums elevated by 28%

KUALA LUMPUR, Malaysia, Dec. 3, 2021 /PRNewswire/ — Labuan Worldwide Enterprise and Monetary Centre (Labuan IBFC) continues to develop with rising demand for its various captive constructions from throughout the globe, charting a 28% improve in its premiums for captive enterprise and 18 new captives accepted as on the third quarter of 2021.

Labuan FSA Director Common Nik Mohamed Din Nik Musa

“More and more, we’re seeing an increase in captive’s reputation globally pushed not simply by the pandemic but additionally insurance

Read More Read More

Hub Worldwide To Present Tenant Legal responsibility Captive To Residential Rental Actual Property Shoppers To Retain Insurance coverage Premiums And Mitigate Dangers

CHICAGO, Dec. 1, 2021 /PRNewswire/ — Hub Worldwide Restricted (HUB), a main international insurance coverage brokerage and monetary companies agency, has developed HUB Tenant Legal responsibility Captive Insurance coverage for house owners, operators and managers of residential rental actual property that may create an extra income stream for them by enabling them to retain the vast majority of the paid premium.

Working with Property Homeowners Safety Insurance coverage Firm, LLC (POPIC), an A-Rated insurer, HUB will roll out the captive to its greater than 13,000 residential actual property shoppers within the U.S. and later in Canada.

“With POPIC,

Read More Read More