SembCorp Industries (“SCI”) wishes to announce that a wholly-owned subsidiary, SembCorp Captive Insurance Pte. Ltd. (“SCCI”) has been incorporated.

The principal activity of SCCI is that of a captive insurance company which underwrites, insures or reinsures the insurable risks of its parent and related companies, subject to the provisions of the Insurance Act (Cap. 142) and other terms and conditions imposed by the Monetary Authority of Singapore.

Courtesy posting by NextLifeBook.com