Labuan International Business and Financial Centre

AM Best to Present Captive Trend Analysis at 2022 Asian Captive Conference

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Monday, August 15, 2022

AM Best will participate in the annual Asian Captive Conference, which will take place on Thursday, 18 August 2022, in Kuala Lumpur, Malaysia.

Key Points:

AM Best will participate in the annual Asian Captive Conference, which will take place on Thursday, 18 August 2022, in Kuala Lumpur, Malaysia.
The Asian Captive Conference is hosted jointly by the Labuan International Insurance Association and the Labuan International Business and Financial Centre, and is dedicated to the development of self-insurance in the region.
Ltd.
For more information about the Asian Captive Conference, which will take place at the Sime Darby Convention Centre, please visit the event page and agenda .
For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .

Life Clips Responds to Blatantly False and Misleading Social Media Statements

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Monday, April 18, 2022

First and foremost, neither Life Clips, its management team, or its Board of Directors are under any type of investigation.

Key Points:

First and foremost, neither Life Clips, its management team, or its Board of Directors are under any type of investigation.
On March 4, 2022 Life Clips filed its 10-Q Quarterly report for its second quarter ending December 31, 2021 with the SEC.
For the three-month period ended December 31, 2021 Life Clips posted Total Revenues of $2,235,267.00.
In Life Clips second quarter 10-Q filed on March 3, 2022, the Company had 1,781,038,886 shares outstanding on March 1, 2022.

Captive insurance to be a primary focus in Labuan IBFC's 5-year strategic roadmap

Retrieved on:

Friday, December 3, 2021

KUALA LUMPUR, Malaysia, Dec. 3, 2021 /PRNewswire/ -- Labuan International Business and Financial Centre (Labuan IBFC) continues to expand with increasing demand for its varying captive structures from across the globe, charting a 28% increase in its premiums for captive business and 18 new captives approved as at the third quarter of 2021.

Key Points:

"At the same time, the Labuan captive business model which utilises protected cell companies (PCCs) has gained traction as a cost-effective method of operating captives.
To date, there are approximately 7,000 captive insurance companies set up globally that enjoy this benefit.
Established in 1990, Labuan IBFC is regulated by the Labuan Financial Services Authority (Labuan FSA), statutory Regulator under the purview of the Ministry of Finance, Malaysia.
To keep up with everything about Labuan IBFC, follow us on LinkedIn, Facebook or Twitter @LabuanIBFC.

Huobi Summit 2021 explores role of blockchain technology in future of finance

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Tuesday, November 9, 2021

GIBRALTAR, Nov. 9, 2021 /PRNewswire/ --Huobi Summit 2021 Blockchain and Beyond took place on November 8th, 2021, with leaders from industry, government, and the private sector discussing the digital economy's role in shaping the blockchain ecosystem in the past, present and future.

Key Points:

GIBRALTAR, Nov. 9, 2021 /PRNewswire/ --Huobi Summit 2021 Blockchain and Beyond took place on November 8th, 2021, with leaders from industry, government, and the private sector discussing the digital economy's role in shaping the blockchain ecosystem in the past, present and future.
Focusing exclusively on the use of blockchain technology in the future of finance, the speakers highlighted the fundamental need for the ecosystem to mature and the benefits of the technology to society.
Huobi Group, a world-leading blockchain company, was founded in 2013 to make breakthroughs in core blockchain technology and further the integration of blockchain technology with other industries.
Huobi Group has established a global digital ecosystem through investing in over 60 upstream and downstream companies across the blockchain industry.

Labuan IBFC to be Asia's Leading Digital-Based Financial Gateway with Islamic Finance Capabilities

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Friday, October 22, 2021

KUALA LUMPUR, Malaysia, Oct. 22, 2021 /PRNewswire/ -- Labuan International Business and Financial Centre (Labuan IBFC) is rapidly revolutionising its digital offerings, entrenching its commitment to become a facilitator of Asia's digital revolution, a key driver of the centre's success in recent years.

Key Points:

Labuan Financial Services Authority (Labuan FSA) - the jurisdiction's regulator provides an innovative licensing regime to support this evolving digital financial landscape.
He added: "Labuan IBFC is envisioned to become a digital-based gateway with Islamic finance capabilities for all global investors and players as the future of Islamic finance looks ever promising.
The digital transformation in Islamic finance positively contributes to the evolution and innovation of Islamic financial products and services in a rapid tone."
This could further expand Islamic finance development across emerging markets while building connectivity with wider Islamic finance industry."

Labuan IBFC Shortlisted for 'International Captive Domicile 2021' for Second Consecutive Year

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Thursday, October 14, 2021

KUALA LUMPUR, Malaysia, Oct. 14, 2021 /PRNewswire/ -- Leading global trade publication, Captive Review has recently shortlisted Labuan International Business and Financial Centre (Labuan IBFC) as 'International Domicile' for the European Captive Review Awards 2021. Labuan IBFC is the only jurisdiction from Asia to be shortlisted in this category, alongside other leading global domiciles; cementing Labuan IBFC's growing recognition in Europe.

Key Points:

KUALA LUMPUR, Malaysia, Oct. 14, 2021 /PRNewswire/ -- Leading global trade publication, Captive Review has recently shortlisted Labuan International Business and Financial Centre (Labuan IBFC) as 'International Domicile' for the European Captive Review Awards 2021.
Labuan IBFC is the only jurisdiction from Asia to be shortlisted in this category, alongside other leading global domiciles; cementing Labuan IBFC's growing recognition in Europe.
It is worth noting that Labuan IBFC has won the Best Asian Domicile for three years running at the Asian Captive Review Awards.
Established in 1990, Labuan IBFC is regulated by the Labuan Financial Services Authority (Labuan FSA), statutory Regulator under the purview of the Ministry of Finance, Malaysia.