Geographically situated off the coast of Borneo in Malaysia, Labuan International Business and Financial Centre (Labuan IBFC) has been operating as Asia’s premier international financial hub for almost 35 years.
Located off the Bornean coast in Malaysia, Labuan International Business and Financial Centre (Labuan IBFC) has emerged as a significant player in the global captive insurance industry.
Yves Betz, Head of Multinational Solutions at AXA XL, addresses a range of topics, including the evolving attitude of the commercial market towards captives, the increasing capital and capacity attracted to captive reinsurance and ART solutions, and the growing role of China in the captive marketplace.
In this GCP Short, produced in partnership with MARSH, we explore the growth areas of international employee benefits and medical stop loss in captives.
As captives write business around the world, particularly when on a direct basis, they have to be mindful of complex and often changing local taxes and levies in each territory that they are active.