Labuan IBFC secures 50% of all captive formations in Asia in 2018

Labuan International Business and Financial Centre's (Labuan IBFC's) position as a market leader in captive insurance has been reinforced by the findings of a white paper by Captive Review titled "Driving Captive Transformation in Asia", which showed the jurisdiction having led by 50% in captive formations in Asia last year.   According to the white paper, the total number of captives in Asia grew by ten with Labuan IBFC leading the way with half of these incorporations domiciled in the jurisdiction. Singapore came in second with three formations compared to Labuan IBFC's five. The pa...