Best Re opts for Malaysia

In a move aimed at positioning itself closer to its main source of business, takaful reinsurer Best Re has moved its headquarters from Tunis in Tunisia, where it was established in 1985, to Labuan in Malaysia A unit of Dubai-based takaful insurer Salama Islamic Arab Insurance Company, Best Re provides general takaful and family (life) takaful reinsurance and in 2009 reported gross premium income of $304.7m, up 17.7% compared with 2008