Is Lloyds pulling out from LOFSA?

Our sources told us of an imminent pull-out by Lloyds from Labuan Offshore Financial Services Center and therefore deregistering Lloyds Labuan from the Labuan Offshore Financial and Services Act (LOFSA). Main reason sighted, Lloyds’ members were not accorded the same…

The growing pains of direct premium rebating….

Today the final blow was delivered where the word “members” of Clause 5.3 Inter-Company Agreement (ICA) was deleted after unanimously agreed upon.  This means agents and brokers cannot rebate where insurers are able to; signifying a divergence of focus between…

The PJ Challenge Bloggers’ Karnival

blogging community

The Karnival started at 9am on 20 June with a big splash….it was raining cats and dogs. For a guy who had spent almost 17 years in East Malaysia and totally unfamiliar with the 21st century PJ, it is a…

Understanding Transmission & Distribution Lines Exclusions

In 2008 reinsurers were focusing on China as the powerhouse for substantial premium growth. Malaysian reinsurers too refused to be left out in pursuing this glorious path, so it seems. Before the lunar New Year, a substantial and devastating snowstorm ravaged Hunan, Hubei, Guizhou,…

How agents are preparing for the motor mandatory rebate…..

The last time I wrote, the main issue is on PIAM trying to either delete clause 5.3 of the Inter-company agreement on General Insurance Business or to delete off the word “member” from the said clause. After much deliberation and…

The PJ Challenge Blogger’s Karnival ’09

The PJ Challenge Blogger’s Karnival ’09 is a celebration of many reasons – of Petaling Jaya, of blogging and of life! This is a place for bloggers and non-bloggers alike to come together, and share. It’s about expression and fun,…