ZUG, Switzerland, May 2 (Bernama-BUSINESS WIRE) — Allied World Assurance Company Holdings, GmbH today announced the establishment of a retakaful window by the Labuan branch of Allied World Assurance Company, Ltd (the “Labuan Branch”). The window will cater to both consumer and commercial general retakaful opportunities spanning property, casualty, construction & engineering, professional lines, healthcare liability, marine cargo and group personal accident.
Ramesh Sivanathan, Vice President, Country Manager & Principal Officer of the Labuan Branch, said, “We are excited to be supporting Malaysia’s ambition to become a respected international Islamic insurance hub and look forward to supporting this fast growing segment of the Malaysian market.”