News Posts 20101206-20101212

Insurance News Best Re has moved its headquarters to Labuan. It has 2 new entities there providing general reinsurance and family re-takaful business respectively. The gross written premium is expected to reach US$350 mil this year.

Dubai Islamic reinsurer shifts HQ to Labuan

Best Re plans RM480 million investment in two new entities that will provide general reinsurance and family re-takaful business.
December 12, 2010

Insurance News Great Eastern Takaful targets RM180 mil AP in 1st year of operations. The company launched its takaful product lineup today, almost 1 month ahead of the original target of Jan 2011 and is the 1st out of the 4 new takaful licensees to do so.

Great Eastern expects RM1bln from takaful business by 2015

KUALA LUMPUR: Great Eastern Holdings Ltd expects RM1 billion in contributions by 2015 from its new takaful business via its new joint venture company, Great Eastern Takaful Sdn Bhd.
December 10, 2010

Insurance News Great Eastern Takaful will use distribution channel of OCBC Al-Amin and also leverage on KAT's 140,000 members and probably recruit soldiers who opt for early retirement to become their agents. 2 new products were launched: I-Idaman and I-Abadi, focusing on protection and investment respectively.

New takaful player sets RM1b target

NEWLY-FORMED Great Eastern Takaful Sdn Bhd has set a target to win more than RM1 billion in premiums by 2015 by focusing on Malaysia and regional countries like Singapore and Indonesia.

December 11, 2010