Starr Insurance bolsters presence in Asia Pacific

Starr Insurance Companies has expanded its presence in Malaysia by establishing a Labuan branch of Starr International Insurance (Singapore), a non-life insurance company organised under the laws of Singapore.

The strategic move aims to strengthen its presence in the Asia Pacific region, as well as expand the scope of its re/insurance product offerings for policyholders and cedants in Malaysia.

Starr Labuan has secured a license from the Labuan Financial Services Authority for Labuan general insurance and reinsurance. Rawi Letchumanan will oversee Starr Labuan as its local Manager.

The new and renewal business previously produced by Starr Underwriting Agents (Labuan) will be transitioned to Starr Labuan.

“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 a significant new facility to serve the insurance and reinsurance needs of companies across Malaysia.”

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