Malaysia: Allied World launches retakaful window
Source: Middle East Insurance Review | Jul 2019
Global insurer and reinsurer Allied World Assurance Company Holdings GmbH has announced the establishment of a retakaful window by the Labuan branch of Allied World Assurance Company.
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.
Labuan branch vice president, country manager & principal officer Ramesh Sivanathan 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.” M