International reinsurance broker Front Re has recently received approval from the Labuan Financial Services Authority (Labuan FSA) to operate a retakaful broking business.
The approval, granted under Section 77(4) of the Labuan Islamic Financial Services and Securities Act 2010, marks an important milestone for Front Re as it expands its capabilities to provide Shariah-compliant retakaful solutions alongside its conventional reinsurance broking services.
The addition forms part of Front Re’s broader strategy to strengthen its regional presence while expanding access to diversified reinsurance and retakaful capacity.