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October 2018
Insight
Plus
Direct from Asia Pacific's Leading Midshore Business and Financial Centre.

Seeking business stability and safety in the new "normal" of trade wars

There is a popular Malaysian adage – “When elephants fight each other, the mousedeer dies in the middle” – where conflict between “big” entities leads to collateral damage on the “smaller” entities.

This proverb couldn’t be more evocative against the backdrop of today’s ever-present global trade war. As major economies inflict tariffs upon tariffs on each other, smaller economies feel the aftershock from these actions, especially in their economic growth...


The Guidance Note is intended to outline the suite of professional services that Labuan Managers can offer for their clients and prospects that wish to operate in the Labuan insurance market.


Farah Jaafar-Crossby, CEO of Labuan IBFC Inc speaks to Asia Insurance Review on her biggest challenge as the CEO of the official promotion and marketing agency for Labuan International Business and Financial Centre, Malaysia. She was appointed on January 1, 2018 and was named as ‘Ones to Watch Out’ in the captive industry earlier this year by the leading captive publication, Captive Review.

The World Insurance Report 2018 from Capgemini and Efma highlights the need for insurers to enhance digital agility to deftly respond to market shifts and evolving customer expectations and stay ahead of BigTech competition. The report suggests a framework for a digitally-integrated ecosystem that will help insurers become future-ready.

Major banks are tapping into the world's most rapidly growing economies, which are considered to be their next overseas cash cows, in a bid to overcome difficulties in finding new revenue sources in the saturated domestic financial market.


Welcome to the last quarter of the year, 2018 has really crept up on us!

To kickstart the quarter, I am delighted to share that Labuan IBFC has been shortlisted for the ‘Non-EU Domicile’ category for the European and UK Captive Review Awards 2018. Of course, such recognition for the industry is fantastic, and the team and I will continue to do our best in showcasing Labuan IBFC’s propositions.

It was also my honour to have been invited to speak at the Financial Centres Summit in Dublin, Ireland recently. As the sole representative of an Asian IFC, it was fantastic to have networked with our European counterparts, and to truly appreciate how universally similar our challenges are. Esprit de corps was certainly in the air.

Looking forward, we are not letting up our pace and will be conducting market development and promotional visits to the Gulf, Singapore, China and India. Do drop us a note to catch up or if you would like to attend any of our events.

In addition, we've just launched our Perception Survey to better understand how we might improve our offerings. Please do take part and contribute your opinion of us (good or bad), your feedback is indeed extremely important to us.


Farah Jaafar-Crossby
Chief Executive Officer, Labuan IBFC Inc

2.00 PM - 5.00 PM
Kuala Lumpur

7.30 AM - 5.00 PM
Singapore

8.30 AM - 6.00 PM
Singapore

8.30 AM - 5.30 PM
Abu Dhabi

Nexus Group, a specialty managing general agent, has acquired Huntington Underwriting, a structured solutions underwriting manager operating out of Labuan International Business and Financial Centre, Malaysia.

The Fusang Investment Office, an Asia-based fund management firm focusing on family offices, is planning to launch a crypto-custody service in Hong Kong. The custody service, Fusang Vault, will hold digital assets for clients as well as provide periodic audits.

Euromoney, one of the world’s leading financial media companies, and CreditEase, one of China’s top wealth management firms, explore the opportunities and risks facing high-net-worth investors (HNWIs) considering how best to transfer their wealth.


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