NEW YORK, May 10 (Bernama-BUSINESS WIRE) — Starr Insurance Companies today announced that it has expanded its presence in Malaysia by establishing a Labuan Branch (“Starr Labuan”) of Starr International Insurance (Singapore) Pte. Ltd., a non-life insurance company organized under the laws of Singapore. Starr Labuan has secured a license from the Labuan Financial Services Authority for Labuan general insurance and reinsurance. New and renewal business previously produced by Starr Underwriting Agents (Labuan) Limited will be transitioned to Starr Labuan.
The establishment of Starr Labuan demonstrates Starr’s commitment to the broader Asia Pacific region and provides Starr with a platform to expand the scope of its (re)insurance product offerings for policyholders and cedants in Malaysia.