The Asian Captive Conference 2024 - Upcoming Events

Nik Mohamed Din Nik Musa

Director General

Labuan Financial Services Authority (Labuan FSA)

Nik Mohamed Din is the Director General of Labuan FSA. Prior to his appointment, Mr. Nik Mohamed Din was the Director of Money Services Business Regulation, Bank Negara Malaysia (BNM) since 2016.
At Labuan FSA, he is responsible for the regulatory, supervisory, enforcement and development of the Labuan International Business Financial Centre (Labuan IBFC) which aims to be Asia’s Premier International Financial Hub.

At his previous post at BNM, he was responsible for the regulation, supervision, policy-making and development of cross-border remittance, currency exchange and currency wholesale business in Malaysia. He joined BNM in 1991 and had served in various areas within the Central Bank, including bank regulation, Islamic banking and takaful as well as market development of international finance of the Labuan IBFC.

Mr. Nik Mohamed Din is the Vice Chairman of International Islamic Financial Market (IIFM). He is also Chairman of the Financial Stability Committee of Labuan FSA and a board of director of Financial Park (Labuan) Sdn. Bhd.

Besides holding a Chartered Banker certificate from the Asian Institute of Chartered Bankers, Mr. Nik Mohamed Din holds a Bachelor of Science in Economics and Accounting from the University of Bristol and a Master’s degree in Business Administration from the University of Warwick.

Datuk Iskandar Mohd Nuli

Executive Chairman cum CEO
Labuan IBFC Inc.

Datuk Iskandar is the Deputy Director General of Labuan Financial Services Authority (Labuan FSA). He is currently serving as the Executive Chairman cum CEO of Labuan IBFC Inc.

He commenced his career in Bank Negara Malaysia and was seconded to Labuan FSA in 1996. Cumulatively, Datuk Iskandar has over 30 years of experience serving in financial services regulatory and supervisory agencies.

He brings to his current role a wealth of related knowledge and experience and leads a dedicated and professional team in Labuan IBFC Inc. that is focused on driving strategic business initiatives to further develop Labuan IBFC.

The appointment of Datuk Iskandar reflects the continuous commitment of Labuan FSA and the Government to position Labuan IBFC as a thriving business and financial centre under the next phase of its development.

Annie Undikai

Chairwoman
Labuan International Insurance Association (LIIA)

Ms. Annie Undikai is the Founder and Group Managing Director of Brighton International Group Limited, with an illustrious career spanning over three decades in the insurance industry.

Under her visionary leadership, Brighton International Group has emerged as a prominent global player in insurance and reinsurance, renowned for its profound expertise in local and regional regulatory landscapes. The Group serves a diverse clientele of over 90 global entities, supported by a dedicated team of over 60 professionals across offices in Labuan, Kuala Lumpur, and Kota Kinabalu.

Annie holds a BA (Hons) in Accounting and Computing from the University of Kent, UK. She began her professional journey as an auditor with Hanafiah Raslan & Mohamad in 1983 and later became Group Financial Controller at Evergloss Group of Companies. Her foray into the insurance industry began in 1998 when she joined Etiqa Offshore Insurance (L) Ltd as Head of Operations and Marketing. After a brief stint at Asian Runoff Management Services Sdn Bhd, Annie founded Brighton Management Limited in 2005, marking the beginning of her entrepreneurial journey.

Recognised for her extensive regional industry knowledge, Annie has established herself as a respected leader and successful entrepreneur. Her profound expertise spans captive insurance, risk management, and regulatory compliance, earning accolades from clients and peers alike.

In 2020, Annie established Park Lane PCC Limited, a Labuan Captive Insurer with a Takaful Window, offering a cost-effective entry into captive insurance and access to the reinsurance market. Her leadership has significantly contributed to the rising awareness of captive insurance as a risk management solution, particularly in Asia. Her contributions to the field were recently recognised when she was named one of the Influential Women in Captive Insurance in 2024 by Captive Intelligence.

Annie also serves as Director of four subsidiaries within the Brighton International Group: Brighton Management Limited, Brighton International Management Sdn. Bhd., Park Lane PCC Limited, and Brighton Webbie Solutions Sdn. Bhd. Her strategic vision continues to shape the Labuan insurance industry, evidenced by her appointment as Chairman of the Labuan International Insurance Association (LIIA) for the 2024-2026 term.

Abdul Halim Jantan

Chief Executive Officer
Sterling Insurance Brokers

Abdul Halim Jantan, FMII and a Certified Risk Management Practitioner.

He sits on various private company boards, a public listed company board and a Commissioner for SPAN, Malaysia.

As a 44year veteran in the practice of Risk Management and Risk Transfer, the art and science of developing an insurance solution has always been a passionate part of his life, bringing with him “across the board” hands-on experience.

As founder and CEO of Sterling Group, he runs a leading-edge insurance consultancy and transactional enterprise. With his leadership, the Sterling Group has grown from strength to strength since its establishment in 2000.

Today, the group comprises of eight subsidiaries, tactically founded to provide a sustainable ecosystem, to deliver a comprehensive and competitive solution to targeted industries.

Abie Pua

Captive Sub-Committee
Labuan International Insurance Association (LIIA)
Principal Officer
Howden PCC (L) Bhd.

Abie currently holds the Practice Leader role, spearheading the Risk Consulting Division of Howden Malaysia as well as the Principal Officer of Howden PCC (L) Bhd.

She has over 16 years of working experience with 9 years of consulting in Enterprise Risk Management, Business Continuity Management and Captives.

She has a Master’s Degree in Risk Management, making her an ardent supporter of pragmatic RM / Captive ideas and solutions. She is most intrigued by challenging projects which seemed to bring out the best in her; and this has helped in honing her skills in the consulting landscape.

Chew Chen Wah

International Tax Assistant Manager
Deloitte Malaysia

Chen Wah is an Assistant Manager with the International Tax Services Group of Deloitte Malaysia.

In recent years, he has been actively involved in Global Minimum Tax advisory projects, which includes technical training for clients, impact assessment, etc. As the subject matter expert, Chen Wah is also actively involved in providing training internally to Deloitte South-East Asia.

He has also advised on multinational corporations on group restructuring, taxable presence assessment, withholding tax, etc.

He has served local and foreign multinational corporations in various industries, including healthcare services, agriculture, manufacturing, oil and gas, aviation, etc.

Ahmed Farouk Datuk Aripen

Director
Accura PCC Limited

Started career in Sabah, Malaysia with the international audit firms Coopers & Lybrand and Ernst & Young followed by a career in the construction & engineering industry as the Management Accountant then in the medical industry as the Group Financial Controller.

In 2002, ventured into the insurance industry through Labuan (IBFC), Malaysia at Etiqa (Offshore) managing Labuan branches of international insurance entities with emphasis on financial reporting holding the position up to Principal Officer. Thereafter, joined Challenge Group in 2010 as insurance and underwriting manager specialising in captive management and underwriting, managing the group’s financial reporting and held the position as Principal Officer & Director.

In 2015 joined Labuan Re and held the position up to Acting CFO and in 2018, joined the Archipelago Group taking the role of the Principal Officer & Director of the PCC (Protected Cell Companies) and Group CFO and then promoted to Principal Officer & Director of Archipelago Insurance Limited.

He has supervised teams and departments in accounting, business development advisory, underwriting, risk management, compliance and corporate governance functions in all his Labuan industry engagement.

Dr. Ryan Roshan

Head of Agriculture
Technology & Sustainability
Lexasure Financial Group

A professional veterinarian with wide experience in animal husbandry and farm practices especially in large animal and fishery. Currently into underwriting and risk management for farms, diversifying into InsureTech field as Head of Agriculture Technology & Sustainability for Lexasure Financial Group.

Gloria Chan

Senior Manager
Market Development
Hong Kong Insurance Authority

Gloria Chan is the Senior Manager of the Market Development Section at the Hong Kong Insurance Authority. Ms. Chan joined the Hong Kong Insurance Authority in December 2023, responsible for formulating strategies to strengthen the competitiveness of Hong Kong as a global insurance hub and risk management centre. She leads the efforts in facilitating industry development through market analysis, as well as stakeholder outreach and engagement.

Prior to joining the Hong Kong Insurance Authority, Ms. Chan was a senior manager at the Hong Kong Monetary Authority, focusing on developmental work in asset and wealth management. Ms. Chan holds a bachelor of laws from the Chinese University of Hong Kong and a master of international relations from the University of Hong Kong.

Jonathan Culver

Partner
International Tax Services
Deloitte Hong Kong

Jonathan is an International Tax Partner in Deloitte Hong Kong. His industry focus is financial services. He has experience working in various global investment banks. He advises and represents the insurance sector in respect of a number of Pillar 2 issues.

He is heavily involved in policy developments and regularly engages with the Hong Kong Inland Revenue Department, Financial Services Treasury Bureau and OECD on a range of matters, including Pillar 2.

He is also the chairman of the HKICPA International Tax committee.

He co-leads Deloitte’s Pillar 2 offering across APAC and is member of Deloitte’s global technical group. He advises clients across a range of areas including strategic positioning, impact analysis, readiness, and mitigation.

Professional qualifications, affiliations and accomplishments:

Warwick Business School
Institute of Chartered Accountants of Scotland
International Fiscal Association
HKICPA Taxation Faculty Executive Committee
HKICPA International Tax Committee Chairman

Ken Lim

Senior Consultant
Milliman

Ken joined Milliman in 2018, based in Kuala Lumpur. He specializes in Property & Casualty, working on consulting projects in Southeast Asia and Greater China.

Ken specialises in property and casualty insurance. His experience includes:

Serving as the appointed actuary for a Brunei insurer.
End-to-end IFRS 17 Implementation, including but not limited to gap and financial impact analysis, methodology formulation, PAA eligibility testing, transition as well as parallel run
Regular reserving and second opinion reserving reviews for over 20 clients in Southeast Asia and Greater China.
Sell-side and buy-side due diligence support for M&A and Bancassurance transactions. Work involves independent reserves valuation, business plan review and appraisal valuation.
Technical pricing implementation (from data preparation to rates deployment) and premium rates review
Credit insurance products restructuring for the two largest government-owned insurers in Indonesia
Portfolio diagnosis and turnaround strategy leveraging on data analytics, statistical and machine learning techniques for clients in Thailand and Brunei
ORSA, FCR, ERM and ICAAP reviews for clients in Southeast Asia and Hong Kong.

Prior to Milliman, Ken worked at a multinational general insurer based in London, heavily involved in end-to-end pricing process:

Personal lines GI pricing using Generalised Linear Modelling (GLM) and Machine Learning techniques
Post modelling work for personal line GI products, including but not limited to impact analysis, rates reconciliation and experience monitoring
Data cleansing, manipulation, analysis using specialist software like SAS, R and Microsoft SQL Server
Technical validation as well as approval of assumptions and pricing models

Ken is a Fellow of the Institute of Actuaries, UK, and the Actuarial Society of Malaysia. He holds a BSc in Actuarial Science from the London School of Economics and Political Science, which he earned in 2015.

Lawrence Bird

Captive Consulting Leader, Asia
Marsh Advisory Asia, Singapore

Lawrence is in Marsh Asia’s Risk Advisory Practice and has responsibility for helping clients establish new captives and ensuring clients with existing captives optimise the strategic risk financing benefits their captives bring by focusing on retention levels and lines of business that may be suitable. He works primarily with the Risk Analytics team, the client service teams and the Chief Client Officers, which means Marsh provides a fully integrated service proposition focused on risk and risk financing with Captives at the heart of the risk financing strategy.

He has worked in the Captive Insurance field for 25 years. He was in Guernsey, Europe’s largest captive domicile, for 7 years and then moved to Bermuda, the world’s largest domicile, where he spent 16 years and was the Head of Marsh’s captive operation, the largest single captive office globally. Lawrence moved to Singapore in 2022 and is now focused on creating new captives and growing existing captives for our Asia clients.

Lawrence has been in the insurance industry for 38 years and with Marsh for 28 years.

He is a fellow of the Chartered Insurance Institute (FCII) and a certified member of the Institute of Risk Management (CMIRM).

Lim Sook Kim

Director, Corporate & Employee Benefits
Howden Malaysia

Kim is a seasoned insurance broker with over 20 years of experience in the industry. She holds a Senior Associate membership from the Australian and New Zealand Institute of Insurance and Finance (ANZIFF). Kim began her career with one of the leading members of the world's largest integrated network of independent Property & Casualty and Employee Benefits Consultants.

Her extensive expertise spans Employee Benefits and Commercial Risks insurance solutions across various industries, including Telecommunications, Oil and Gas, Power Plants, and Education, among others. Throughout her career, Kim has been actively involved in global insurance programs, insurance pooling, and flexible benefits. She has also contributed to dedicated projects and risk management teams, delivering comprehensive insurance due diligence reports for greenfield projects, brownfield projects, infrastructure developments, and commercial operational risks, all tailored to meet the needs of corporate clients.

Logen Kanisan

Founder
Bayes Actuarial Solutions

Logen is a qualified Actuary and the founder of Bayes Actuarial Solutions.

Logen has 16+ years of experience, spanning Health, General & Life Insurance, in both the Insurance and InsurTech domains. He does product design, pricing and risk management in these areas of practice.

Luke Harrison

Journalist

Captive Intelligence

Luke is a proficient insurance journalist and has reported the sector since 2021. From 2021 to 2022, he worked as a Reporter for the online publication Insurance Insider. During this period, he focused on various specialty lines, such as Political Violence, Trade Credit, Construction, Product Recall, and more.

Luke joined Richard Cutcher at Global Captive Media in September 2022 as a Senior Reporter for Global Captive Podcast and Captive Intelligence.

He studied on the BJTC-accredited Broadcast Journalism course at the University of Leeds. Luke then went on to gain a scholarship to study for a Master’s in Financial Journalism at University of London. He is based in London but has also spent a brief spell studying journalism in Hong Kong.

Nazri Wong Abdullah

Principal Officer

Park Lane PCC Limited

Nazri Wong Abdullah is an experienced financial professional, with the last 10 years spent in senior management positions within the insurance industry. He also brings an extensive exposure to various industries including telecommunications, oil & gas, and construction. Before joining Brighton Management Limited, he was the Chief Executive Officer of Etiqa General Insurance (Cambodia) Plc, where he led the pioneering work and operations of the non-life insurance segment in the Kingdom of Cambodia.

Prior to that, he was with Etiqa International Holdings Sdn Bhd as its Head of International Operations & Special Projects. Nazri Wong Abdullah also spent 10 years at Etiqa Offshore Insurance (L) ltd and Etiqa Life International (L) Ltd as the Principal Officer and Head of Labuan Operations. From 2005 to 2008, he worked with IIB Insurance Brokers Sdn Bhd (a subsidiary of SEDCO Holding Group) in various capacities, with his last position as Chief Operating Officer.

Pooba Mahalingam

Regional Risk Consultant/Director

Talent Asia Training and Consulting

Mr. Pooba Mahalingam - Regional Risk Consultant is based in Singapore with three decades of practical in risk/insurance. Mr. Pooba is a professional engineer and operates under "Talent Asia Training & Consulting" of Singapore. He is specialised in the insurance space with special focus on engineering/property insurance and risk management aspects.

He is a regular lecturer with the Singapore College of Insurance (SCI) and the Malaysian Insurance Institute (MII). He is also the author of an MII publication entitled "Engineering Insurance".

Besides training, he also undertakes property risk surveys and provides consultancy services to various consultancy services to various clients in Singapore and in the following regions: Asia, Middle East & Africa.

Praveen Trivedi

Executive Director

International Financial Services Centres Authority (IFSCA) India

Mr. Praveen Trivedi has about three decade’s rich professional experience wherein he has acted in various capacities including as practicing advocate, teacher, legal advisor, regulator, supervisor and administrator.

He joined Securities and Exchange Board of India (SEBI), the Indian securities market regulator in 1996. During his tenure of more than 22 years at SEBI, he handled host of the matters viz. regulation, supervision, investigation, inspection, litigations, administration, besides participating / heading various committees. While in SEBI, he was also posted to Ministry of Finance (MoF), Government of India for about 3 years and helped it on legal and regulatory issues. In MoF, amongst others, he was engaged in matters related to Financial Sector Legislative Reforms Commission (FSLRC) and also played a prominent role in drafting of Insolvency and Bankruptcy Code-2016, the first of its kind consolidated legislation to deal with Insolvency and bankruptcy in India.

Mr Trivedi joined IFSCA in January 2021 and amongst other departments, he is also HoD of Department of Insurance and Pension. He super headed drafting of all the regulatory frameworks for insurance business in the IFSCA.

Mr. Trivedi has unique experience of working with three regulators dealing with Capital Markets, Pension and now with IFSCA, a unified regulator established by Government of India to regulate financial services related to banking, capital markets, insurance and pension business within IFSC.

Before joining IFSCA, he was the Executive Director at Pension Fund Regulatory and Development Authority (PFRDA), the pension fund regulator in India, since June 2018. Mr Trivedi is a postgraduate in Law and has also acquired Post Graduate Diploma in Management of Financial Resources. He has recently been awarded Doctor of Philosophy (Ph.D.) in the area of Insolvency and Bankruptcy Laws.

Raul Jr. Imperial

Vice President

Risk Management
Aboitiz Equity Ventures, Inc.

Raul leads the team who manages the risk finance strategies of the organization including traditional insurance programs, self-insured programs and alternative risk transfers.

He is responsible for managing the operations of the organization’s captive insurance entity.

Raul collaborates with different risk managers within the different strategic business units of the Group which includes Power Generation and Distribution, Food, Land Development, Infrastructure in ensuring risk transfer strategy is fit-for-purpose and is an optimal balance between transferring and retaining of risks.

Raul is an experienced insurance person who previously work in several industries including Logistics, Warehousing, Transport, Real Estate, FMCGs.

Roy Sharma

Immediate Past Chairman and Council Member

Labuan International Insurance Association
Managing Director/Principal Officer
Asia Reinsurance Brokers (Labuan) Ltd.

Roy Sharma is the Principal Officer and Managing Director of an international reinsurance company based in Kuala Lumpur office. Other than being the country manager for Malaysia he is also responsible for developing and assisting their clients in Asia in certain specialized areas of insurance. His specialized areas include among others Political, Project & Credit Risk Insurance, Professional Indemnity, Management Liability Insurance, Financial Lines Insurance, Casualty Insurance, Extended Warranty Insurance and Affinity & Niche Solutions.

He read law in the City of London and was called to the Malaysian Bar as an Advocate & Solicitor. He started his career in the insurance industry in 1994 as an Insurance Broker and joined Antah Sedgwick Chartered Insurance Brokers, thereafter he joined, Aon Risk Services Malaysia and Aon Risk Services Singapore. In April 2006 Roy then joined Arthur J Gallagher Asia (L) Bhd a reinsurance broker that was rebranded as Asia Reinsurance Brokers (Labuan) Ltd in 2008 after a management buy out and was its MD since 2007.

Roy is also the President Commissioner of PT ARB Indonesia and a Board member of ARB’s parent company.

Steve Tunstall

Captive Director & General Secretary
Pan-Asia Risk & Insurance Management (PARIMA)

With over thirty years of experience in owning, running, and future-proofing companies across Asia, Steve has served as CEO, MD, and Chair, overseeing teams of up to 500 employees.

Currently, Steve holds positions as Director and Chair for multiple Captive & ILS vehicles regulated in Singapore, Hong Kong, Dubai, IOM, and Guernsey. As a Co-Founder of the Pan Asia Risk and Insurance Management Association, he is committed to advancing industry standards.

Previously, Steve held pivotal roles including Head of Compliance, Insurance, Legal, and Risk at Cathay Pacific Airways, VP Risk at Genting Casinos, and MD at Jardine Schindler Lifts Singapore.

His educational background includes an MSc in Project Management & Risk, a BSc in Surveying, and a Diploma in M&E Engineering. Steve holds professional certifications including MIRM, MBCI, MACostE, MSID, and MRICS.

Syahrul Imran Mahadzir

Director, Regulatory Policy Department
Labuan Financial Services Authority (Labuan FSA)

Syahrul Imran Mahadzir is the Director of the Regulatory Policy Department at Labuan Financial Services Authority (Labuan FSA). He currently oversees the development of prudential regulations and AML/CFT framework for Labuan financial market.

He obtained his Masters in Actuarial Science from the Heriot-Watt University, Edinburgh, Scotland in 2003 and is an affiliate member of the Association of Chartered Certified Accountants (ACCA), United Kingdom.

Since joining Labuan FSA in 2013, Syahrul has been spearheading the upscaling of Labuan’s prudential regulations vis-à-vis international standards. This include transitioning the Labuan banks into Basel II and Basel III requirements; introducing risk based capital for Labuan insurance business; enhancing captives’ solvency framework and streamlining the financial reporting practices for the market. His responsibility was later expanded in 2015 to oversee Labuan IBFC’s market development and tax policies. In this strategic role, he was heavily involved in formulating forward charting plans for the Centre; introducing the Labuan digital financial services; developing the Labuan business substance requirements; as well as promoting captive business developments.

Syahrul started his career in Bank Negara Malaysia, and subsequently was engaged by MNRB Holdings Berhad and Perbadanan Insurans Deposit Malaysia (Malaysia Insurance Deposit Corporation); prior to joining Labuan FSA. Collectively, he has 25 years of experience overseeing regulatory development, market strategies, supervisory monitoring and enterprise risk management.

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