From Itnews.it: The Labuan Offshore Financial Services Authority (LOFSA) has granted SCOR Global Life an operating licence to provide Retakaful reinsurance products complying with the principles of Islamic finance.

LOFSA also granted SCOR Global Life a conventional (i.e. “Non-Takaful”) Reinsurance licence. The new entity will be called SCOR Global Life SE, Labuan Branch. The new Labuan branch will serve SCOR Global Life Takaful clients worldwide…… Full Article: Source