The Asian Captive Conference 2026 - Upcoming Events

Affendi Rashdi

Director General

Labuan Financial Services Authority

Affendi Rashdi was appointed as the Director General of Labuan Financial Services Authority for a two-year term effective 1 May 2025.

Prior to his appointment as the Director General of Labuan FSA, Affendi served as the Chief Services Officer of Bank Negara Malaysia (BNM), where he led the strategic vision and execution of the Bank’s Centralised Shared Services sector to ensure institutional excellence and the efficient delivery of services. Over the course of his career at BNM, Affendi held several pivotal roles, including Director of the Finance Department, Deputy Director and Manager of the Development Finance and Inclusion Department, as well as a core member of the Financial Sector Blueprint team.

Throughout his distinguished career, Affendi has been instrumental in the development of financial sector policies and regulatory frameworks, particularly in strengthening the role of Development Financial Institutions. His notable contributions include the review and enhancement of the Development Financial Institutions Act (DFIA) 2012, the corporatisation of Agrobank, the establishment of SME Bank, and the formation of the Cooperatives Commission of Malaysia as a regulatory body. He also made efforts in shaping central bank accounting best practices and provided strategic financial, tax, and treasury advisory to BNM’s management and Board. In addition, he played a key role in shared services strategy covering procurement, facilities management, administration, and security.

Affendi holds a Master’s degree from Harvard University and a Bachelor of Accountancy from Universiti Teknologi MARA (UiTM). He is a member of the Institute of Chartered Accountants in England and Wales (ICAEW), a Fellow of the Association of Chartered Certified Accountants (FCCA), a Chartered Accountant with the Malaysian Institute of Certified Public Accountants (MICPA), and a member of the Malaysian Institute of Accountants (MIA). He is also a Chartered Banker, certified by the Asian Institute of Chartered Bankers (AICB).

Ben Quah

Chief Executive Officer
Labuan IBFC Inc.

Ben Quah is the Chief Executive Officer of Labuan IBFC Inc., appointed to lead the jurisdiction’s next phase of growth as a premier international business and financial centre. With over 20 years of experience in fintech, digital marketing, and regional business development across the APAC region, he has established a strong track record in market expansion, ecosystem development, and cross-border collaboration.

He has spearheaded multi-jurisdictional platform launches, scalable growth programmes, and strategic partnerships with regulators, financial institutions, and technology providers. Known for his strategic clarity and values-driven leadership, he focuses on enhancing Labuan IBFC’s value proposition, deepening engagement with key markets, and advancing opportunities in wealth management, captive insurance, fintech, and Islamic finance.

Ben holds a bachelor’s degree in accountancy from Nanyang Technological University, Singapore.

Annie Undikai

Chairwoman
Labuan International Insurance Association (LIIA)

Annie Undikai is the founder, group managing director, and director of six subsidiaries within the Brighton International Group.

She holds a bachelor’s degree in Accounting and Computing from the University of Kent, UK, and is a member of the Association of Chartered Certified Accountants (ACCA) and the Malaysian Institute of Accountants (MIA). She is also a Certified Financial Planner with the Financial Planning Association of Malaysia (FPAM).

Annie began her professional journey as an auditor with Hanafiah Raslan & Mohamad in 1983, and later became Group Financial Controller at Evergloss Group of Companies.

In 1998, Annie joined Etiqa Offshore Insurance (L) Ltd as Head of Operations and Marketing. She had a brief role at Asian Runoff Management Services Sdn Bhd before founding Brighton Management Limited in 2005. In 2020, she established Park Lane PCC Limited, a Labuan captive insurer with a Takaful window, offering an affordable entry into captive insurance and reinsurance markets.

She’s the current Chairman of the Labuan International Insurance Association for the 2024-2026 term. In recognition of her leadership and industry contributions, Annie was named one of the Influential Women in Captive Insurance in 2024.

Doreen Fadli

Acting Director
Market Development and Innovation Department
Labuan Financial Services Authority

Doreen Fadli is the Acting Director of the Market Development and Innovation Department at Labuan Financial Services Authority, where she spearheads strategic initiatives in policy formulation, tax development and business facilitation to strengthen Labuan IBFC’s position as a premier international financial centre. She leads the development and refinement of business and development policies and structures across key business segments to enhance competitiveness, ensure compliance and promote sustainable industry growth.

In addition to her core regulatory responsibilities, Doreen plays a strategic role in advancing Labuan IBFC's insurance and risk management ecosystem. She has been actively involved in developing policy initiatives to strengthen Labuan IBFC's insurance, reinsurance and captive insurance sectors, including the modernisation of the captive insurance framework and the introduction of new insurance business models to enhance Labuan's competitiveness as Asia's risk management hub. She also leads engagements with international regulators, industry associations and multilateral organisations to promote innovative risk transfer solutions and regional insurance collaboration.

Gloria Chan

Head, Market Development & External Promotion
Hong Kong Insurance Authority

Gloria Chan is 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 carrying out stakeholder engagement, corporate communications and public education initiatives. Chan joined the Hong Kong Insurance Authority in 2023 as a senior manager and was promoted to the current role in 2026.

Prior to joining the Hong Kong Insurance Authority, Chan worked at the Hong Kong Monetary Authority, where she specialised in developmental work in asset and wealth management. 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.

Luke Harrison

Journalist

Captive Intelligence

Luke Harrison 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.

Oliver Schofield

Head of Captive & ART Consulting

Principal Re Limited

Oliver Schofield brings more than 40 years of captive and ART experience to our clients. He has held a number of senior executive positions in the global captive and ART sectors since the mid-1980s. Oliver joined Principal Re in 2018 to develop their independent captive and ART consultancy arm in response to the growing demand from corporate clients for independent creative solutions to address the instability seen in the traditional insurance markets.

His particular focus has been the incorporation and reinsurance of captives, cell captives and association captives and a myriad of ART structures for a range of different industries from across the world. He has worked with some of the industry’s largest pure and cell captives, largest broker owned captives and leading group captives.

Oliver has been recognised as one of the most influential figures in the global captive industry having been a member of the "Captive Power 50" every year since 2021 and is a member of the Labuan International Insurance Association’s Captive Sub-Committee.

Oliver graduated from the University of Southampton with a BA (Joint Honours) in French and English.

Shermaine Tay

Deputy Director, Financial Markets Development Department

Monetary Authority of Singapore

Shermaine Tay leads a division in the Monetary Authority of Singapore (MAS) that aims to develop and promote the insurance industry and infrastructure finance ecosystem in Singapore. In her role, she formulates strategies and partners with industry stakeholders on initiatives to strengthen Singapore’s position as a hub to serve Asia’s growing risk and infrastructure financing needs.

Throughout her career at the MAS, Shermaine has held roles across both developmental and regulatory functions. Prior to her current appointment, she led efforts in financial sector workforce development and was involved in the regulation and supervision of capital market intermediaries. She also previously served in the strategic planning and organisational development function, where she worked on strengthening MAS’ institutional effectiveness.

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