Starr Insurance Companies has expanded its presence in Malaysia by establishing a Labuan Branch (Starr Labuan) of Starr International Insurance (Singapore) Pte. Ltd., a non-life insurer organized under the laws of Singapore.
Starr Labuan obtained a license from the Labuan Financial Services Authority for Labuan general insurance and reinsurance. The new and renewal business previously conducted by Starr Underwriting Agents (Labuan) Limited will be transferred to Starr Labuan.
Furthermore, the establishment of Starr Labuan clearly demonstrates Starr’s commitment to the wider Asia Pacific region. The new branch will provide Starr with a platform to expand the scope of its re/insurance offerings for policyholders and cedants within Malaysia.
The company confirmed that Rawi Letchumanan will manage Starr Labuan as its local Manager.
“Malaysia is one of the fastest growing economies in the region,” said Philip Finley, President, Asia Pacific Regional Manager for Starr.
“This new license provides Starr with an important new facility to service the insurance and reinsurance needs of companies across Malaysia.”
