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Adding Confidence to Captives: Managing Volatility via Self Insurance

Risk management has evolved into an ever-changing and complex function for organisations operating in today’s dynamic and globally interconnected landscape. Correspondingly, risk management practices have also advanced to include self-insurance vehicles such as captives.

Globally, there are over 6,500 captives formed as end of 2017. Self insurance through captives is an established and cost-effective way of protecting your assets. Nevertheless, it is a fair point of view that captives increasingly carry a considerable amount of risk that they assume on behalf of their parent entity and can pose the risk of potential insolvency under certain circumstances.

Therefore, it is essential that corporations understand captives and how they can be utilised to manage volatility arising from the changing risk landscape and the changing needs of their parent entity.

Join us at this conference, organised by Labuan IBFC and Swiss Re Corporate Solutions Ltd (Labuan Branch), to understand how captives can be specifically tailored to various business models and learn about the tools that will help captive owners transform insurance from a business cost to a risk management initiative.

Event participation is complimentary and by invitation only. Please submit a request for invitation via the link below.

  • JUERG STOLL
    On 1 March 2017, Swiss Re Corporate Solutions Ltd, Labuan Branch, opened a co-located office in Kuala Lumpur and appointed Juerg as Head Malaysia and Principal Officer. The office functions under a Labuan FSA reinsurance license. Juerg is responsible to build up a team of sales and underwriting specialists as well as supporting functions to locally service large and upper mid-sized Malaysian businesses through broking partners and intermediaries.

    Juerg joined Swiss Re in 1985 and worked first in various key functions for Swiss Re Group: Law Department, Group Investment, Head of Group Corporate Development, Head of Structured Re/Insurance Solutions APAC & Africa and Head Sales and Business Development for Swiss Re Corporate Solutions in Asia. During this time he was based in Zurich, New York, Hong Kong and Singapore.

    In 2010 Juerg was appointed as Head Japan for Swiss Re Corporate Solutions. During his seven years of tenure in Japan he established Swiss Re International Japan and built up a professional team of over 35 staff members in Tokyo and Osaka.
  • DANIAL MAH ABDULLAH

    Danial is the Director-General of Labuan FSA, the regulatory agency of Labuan International Business and Financial Centre. Danial assumed the position of Director-General with effect from 3 October 2017. Prior to this, he was the Deputy Director-General of Labuan FSA, a position he held since 2007. He has worked in Labuan FSA since the early years of the establishment and held various positions in the organisation. Danial is a member of the Executive Committee of the International Islamic Financial Market (IIFM), Financial Stability Committee as well as Board member of the IIFM, the Labuan IBFC Incorporated Sdn Bhd, LabuanFSA Incorporated Sdn Bhd and Pristine Era Sdn Bhd.

    Danial is a Chartered Accountant registered with the Malaysia Institute of Accountants and also an Associate Member of the Institute of Bankers Malaysia. He holds a Bachelor of Accounting from the University of Malaya and a Masters in Business Administration (with Distinction) from Manchester Business School, United Kingdom.

  • ANDRE MARTIN

    Andre Martin is the Head of Innovative Risk Solutions (IRS) APAC, based in Singapore, and has more than 15 years' experience in the insurance industry. In his current role Andre is in charge of all non-traditional or alternative risk transfer solutions across the APAC region, ranging from structured captive protection to parametric or index-based insurance.

    Andre started his career as a commissioning engineer with ABB in Switzerland. After several years as a consultant with Accenture's Resource & Energy practice in Zurich Andre joined Swiss Re in 2002, underwriting large industrial risks in the Middle East, Asia and Australia. From 2013 onwards Andre was heading the Engineering & Construction team in the APAC region before assuming the role as Head of IRS APAC in 2018.

    Andre holds a Masters degree in mechanical engineering from ETH in Zurich as well as an MBA from UniSA in Adelaide. Andre is also a certified Energy Risk Professional (ERP) by GARP.

  • VENG HOONG LOH

    Veng Hoong was appointed as Swiss Re Corporate Solutions' Senior Structurer of Innovative Risk Solutions for Asia Pacific in 2015.

    Based in Singapore, Veng Hoong is responsible for the company's alternative risk transfer team who provides innovative solutions that span insurance, corporate finance and capital markets. These include structured insurance and finance programmes, bespoke captive solutions and parametric covers for large multinational corporations.

    Veng Hoong joined Swiss Reinsurance Company Ltd in 2011. In his tenure with Swiss Re he has held various positions in the areas of property & casualty underwriting and actuarial management in Singapore and Hong Kong. He graduated with a Bachelor of Actuarial Studies and Economics degree from the Australian National University. He is a CFA charterholder.

  • CHRISTIAN WERTLI

    Christian Wertli is global Head of Innovative Risk Solutions at Swiss Re Corporate Solutions. His team is responsible for marketing, structuring and underwriting of custom-made risk and capital management solutions for corporate clients. Innovative product offerings include tailor-made re/insurance, captive solutions, parametric covers, run-off and many others.

    Christian worked for Swiss Re in London, Hong Kong, Singapore, the US and Zurich. Before joining Swiss Re in 1997, Christian worked for Credit Suisse in corporate lending and with Reinsurance Finance Consultants, a joint-venture between Swiss Re, Credit Suisse and Winterthur Reinsurance, in their financial engineering unit.

    Christian holds an MBA from the University of Zurich, and a CPCU from the Insurance Institute of America.

  • STEVE TUNSTALL

    Steve Tunstall is a business risk management expert with almost thirty years of experience in both running companies and helping them change. He has been the Head of Risk and Insurance for Genting Singapore and Cathay Pacific Airways and held the post of Managing Director or equivalent in five companies in four countries. 

    With experience in twenty countries in Asia as well as the EU, Africa and USA, Steve brings a broad based, practical approach to the management of both risk and opportunities. He currently works as a part time risk manager based in Singapore and is the General Secretary of the Pan-Asia Risk and Insurance Management Association (PARIMA).

  • GEORGE McGHIE

    George has 40 years of insurance experience, and moved to Singapore 26 years ago, after 6 years with Johnson & Higgins in Bermuda, to establish their Asia captive insurance practice. Since then he has managed regional captive management, insurance broking and employee benefit consulting businesses across the Asia Pacific region.

    In his current role he is responsible for regional insurance management and consulting, which includes operations in Singapore, Labuan, HK, China, and New Zealand. He has been involved in the incorporation and/or management of many Asia Pacific captives across a broad range of countries, industries and classes of risk. He also liaises closely with industry regulators on captive related matters.

  • ROSHAN PERERA

    Roshan focuses on the general insurance market in South-East Asia, including statutory and strategic projects for insurers, reinsurers and regulators. He has experience across product development and pricing, capital management, reinsurance structuring, financial modelling and business planning, risk management and process and systems design. In addition to his client activities Roshan is also responsible for NMG’s Kuala Lumpur-based analytics hub.

    Roshan has over 15 years of experience in actuarial, management, and business development roles with insurance and consulting firms in Asia and in the UK, including his time in NMG since 2009.

  • FARAH JAAFAR-CROSSBY
    Farah Jaafar-Crossby is the Chief Executive Officer of Labuan IBFC Incorporated Sdn Bhd (LIBFC Inc.), the official promotion and marketing agency for Labuan International Business and Financial Centre (Labuan IBFC) since January 2018. She brings with her more than 20 years of experience in capital markets and the wholesale financial services sector, putting her in good stead to promote Labuan IBFC as the preferred midshore jurisdiction in Asia Pacific.

    Farah was formerly attached to the Asian Institute of Finance and Bursa Malaysia, where she was involved in senior market development and strategic communications roles. She also managed the Association of Stock Broking Companies Malaysia, the industry lobby group representing Malaysian stockbrokers, allowing her a unique insight and hands on experience with issues surrounding multiple stakeholder management. Farah has a LLB (Hons) from Sheffield University, United Kingdom.
EVENTS DETAILS
Date :
7 August 2019
(Wednesday)

Time:
8:30AM - 3:00PM

Address:
Sasana Kijang, Bank Negara Malaysia
2, Jalan Dato Onn, 
50480 Kuala Lumpur,
Malaysia
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