Kuala Lumpur, 7 August 2019 – “Risk management in the form of self-insurance or captives is on the rise, due to it being an overall cost-efficient and customisable risk mitigating tool,” said Danial Mah, Director General, Labuan Financial Services Association (Labuan FSA) at the launch of Labuan International Business and Financial Centre (Labuan IBFC) and Swiss Re Corporate Solutions’s event entitled “Adding Confidence to Captives: Managing Volatility via Self Insurance” today in Kuala Lumpur.
Andre Martin, Head of Innovative Risk Solutions APAC, Swiss Re Corporate Solutions added it was great to share more on the benefits captives can bring to organisations as a comprehensive risk financing strategy. “Today we see a rise in demand for captive insurance across the region including Malaysia and expect this to increase as the risk management function advances and the corporate landscape evolves,” he said. “We look forward to continue working with customers to provide solutions in the captive space and are encouraged by the interest in alternative risk transfer solutions from this event.”
Kuala Lumpur, 7th August 2019 – Running a business is tough, but the transition a business has from one generation to the next generation is even tougher. Internal conflicts, family matters, and business concerns make ownership transition very complicated and is often emotionally charged.
MasteryAsia, on 27th July, hosted the first ever family business convention ‘The Asian Family Business Convention 2019’ to help family business owners better manage common family business challenges in Asia. Through this convention, the company introduced their never before seen Quest Family Business Advisory Services to Malaysian family business owners assembled.
Dato' Mohamad Ariff bin Md Yusof was accorded the Old Putera (OP) of the Year Award at the 49th Old Putera Association’s (OPA) Annual Dinner on Friday, July 26, at a leading hotel in the Klang Valley. Mohamad Ariff, a 1965 intake of the Royal Military College (RMC), was honoured as the recipient of the RMC Alumni Association’s prestigious award. This award is the highest recognition given to deserving alumni of the RMC as a symbol of acknowledgement from the OPA to celebrate OPs who have achieved noteworthy level of prominence in their chosen professions and who have made significant contributions to the OPA, the RMC, fellow OPs and the nation throughout the years in the spirit of the RMC’s charter and its motto - "Serve To Lead".
