Labuan IBFC together with Etiqa Offshore Insurance (L) Ltd will host a masterclass entitled “Empowering Resilience: Labuan IBFC’s Strategic Risk Management for Corporates" on 31 October 2025 in Singapore.
In today’s increasingly complex and volatile business environment, resilience is not just desirable— it’s essential. This exclusive masterclass, jointly hosted by Labuan IBFC and Etiqa Offshore Insurance (L) Ltd, will explore how corporates can take greater control of their risk strategies through alternative solutions, including captive insurance via wholly owned or rent-a-captive structures. Participants will gain valuable insights into Labuan IBFC’s enabling regulatory framework, real-world applications linked to emerging risks such as climate change and cyber threats, and current market adoption trends across the APAC region.
As organisations across Asia face mounting challenges—from cyber incidents and climate-driven losses to rising employee-benefit costs and regulatory demands—this session will demonstrate how Labuan IBFC’s progressive framework for captive insurance and Protected Cell Companies (PCCs) helps regional multinationals turn risk management into a strategic advantage. It will provide practical guidance on how captives can respond effectively in crises, complement traditional insurance, bridge coverage gaps, manage cost pressures, support sustainability goals, and deliver governance, compliance, and tax efficiencies—all while being structured and optimised as smart tools to strengthen organisational resilience.
Join us as we bring together leading experts from the (re)insurance and captive services space, who will shed light on innovative strategies and opportunities tailored to meet your organisation’s risk management objectives.
Speakers
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Raymond Wong, Board of Directors, Etiqa Offshore Insurance (L) Ltd
Raymond Wong, Board of Directors, Etiqa Offshore Insurance (L) Ltd
Raymond Wong has over 40 years of experience in the insurance industry (both locally and in London) and has held several key management positions in various insurance, insurance broking and reinsurance companies. He started his career in Marketing with The American Malaysian Insurance in 1979 and left for London to study Law in 1983. In 1985, Raymond Wong joined Citicorp Insurance Brokers, London as an overseas officer whereby he was exposed to the Lloyds market. In 1987, he was transferred back to Malaysia to identify and set up the Citicorp insurance brokers locally.
Raymond Wong was appointed the General Manager and Principal Officer of Innovest Citicorp Insurance Broker Sdn Bhd in 1988 upon approval of its broking licence by Bank Negara Malaysia. Thereafter, Raymond Wong continued his career as Chief Executive Officer/Principal Officer in Paramount Assurance Berhad, MMI Insurance Labuan Ltd, Catlin Labuan Limited, XL Catlin Labuan, AXAXL Insurance Labuan, Asia Capital Reinsurance Malaysia Sdn Bhd and Asia Capital Retakaful Berhad before his retirement in November 2021.
Raymond Wong was Board Director of Labuan International Business and Financial Centre, Catlin Labuan Limited, Malaysia National Reinsurance Berhad and Paramount Assurance Berhad. -
Ahmed Farouk Aripen, Director, PCC Accura Limited
Ahmed Farouk Aripen, Director, PCC Accura Limited
Ahmed Farouk commenced his career in Sabah, Malaysia with the international audit firms Coopers & Lybrand and Ernst & Young. This was followed by a career in the construction & engineering industry as a Management Accountant. Thereafter he served in the medical industry as the Group Financial Controller. In 2002, he ventured into the Labuan insurance industry, serving at the Labuan branches of various international insurance entities.
In 2018, Ahmed Farouk joined the Archipelago Group, serving as the Principal Officer & Director of the PCC (Protected Cell Companies) and Group CFO. He was then promoted to Principal Officer & Director of Archipelago Insurance Limited. In his various capacities within the Labuan insurance industry, he has supervised teams and departments in accounting, business development advisory, underwriting, risk management and compliance as well as corporate governance functions. -
Idzuddin Zakaria, General Manager, Etiqa Offshore Insurance (L) Ltd
Idzuddin Zakaria, General Manager, Etiqa Offshore Insurance (L) Ltd
Idzuddin has held various role and positions from his notable career in the insurance industry. With more than 25 years of service in the mainstream insurance industry, his experience stretches across underwriting, insurance broking and reinsurance prior to joining Etiqa Offshore Insurance (L) Ltd.
Guided by substantive insights from his past practices, Idzuddin plays a pivotal role in Etiqa Offshore Insurance (L) Ltd in developing value captive propositions which includes providing counsel to business organizations who wish to venture into captives as part of their risk management milestone. -
Steve Tunstall, Captive Director & General Secretary, Captive Insurance Association Singapore & Pan-Asia Risk & Insurance Management (PARIMA)
Steve Tunstall, Captive Director & General Secretary, Captive Insurance Association Singapore & Pan-Asia Risk & Insurance Management (PARIMA)
Steve Tunstall has over thirty years of experience owning, running and future proofing companies, mostly in Asia. He is an experienced CEO, MD & Chair, managing teams of up to 500 employees.
He is currently the Director/Chair for several captive & ILS vehicles regulated in Singapore, Hong Kong, Dubai, IOM and Guernsey. He is also the co-founder of the Pan Asia Risk and Insurance Management Association (PARIMA).
He previously held several significant roles, including as Head of Compliance, Insurance, Legal and Risk at Cathay Pacific Airways, Vice-President of Risk at Genting Casinos and Managing Director of Jardine Schindler Lifts, Singapore. -
Amierah Ratna Binting, Principal Officer, Etiqa Offshore Insurance (L) Ltd
Amierah Ratna Binting, Principal Officer, Etiqa Offshore Insurance (L) Ltd
Amierah Ratna Binting has been with Etiqa Offshore Insurance (L) Ltd for over 20 years, bringing extensive experience in administration and management services supporting Etiqa Offshore’s clients in Labuan.She was appointed as the Principal Officer in June 2025. Throughout her career, Amierah has undertaken key responsibilities in internal audit, compliance, risk governance, and regulatory engagement, demonstrating a strong commitment to corporate governance and regulatory excellence.A finance professional by training, she holds a postgraduate qualification in International Finance and a Certificate in Shariah Compliance. -
Lawrence Bird, Captive Consulting Leader, Asia, Marsh Management Consultant
Lawrence Bird, Captive Consulting Leader, Asia, Marsh Management Consultant
Lawrence is in Marsh Asia’s Risk Advisory Practice and is responsible for helping clients establish new captives and ensuring clients with existing captives optimise the strategic risk financing benefits of their captives. He works primarily with the risk analytics team, the client service teams and the chief client officers.
Lawrence has been in the insurance industry for 38 years and with Marsh for 28 years, and has served in the captive insurance field for 25 years. He was in Guernsey for 7 years and then moved to Bermuda, where he spent 16 years and was the Head of Marsh’s captive operations. Lawrence moved to Singapore in 2022 and is now focused on creating new captives and growing existing captives for Asia clients. -
James Wong, Head of Clients, One Global Labuan
James Wong, Head of Clients, One Global Labuan
James is a seasoned risk and insurance professional with over 20 years of experience in consulting, captive management, and broking.
He has led teams supporting major corporations across Southeast Asia, Hong Kong, and Australasia with insurance program management, risk analytics, and global program implementation.
His industry expertise spans financial services, f&b, real estate, telecom, and energy. James is a Chartered Professional Accountant (Canada) and holds the Associate in Risk Management designation.
Date :
31 October 2025
(Friday)
Time :
1000AM - 1215PM
Address :
Pan Pacific Singapore
7 Raffles Boulevard, Marina Square, Singapore
