Tag: reinsurance markets

Labuan Captive Insurer…… from reinsurance captive to fronting insurer?

Labuan Offshore Financial Services

Pardon my ignorance! But seriously…. very few practitioners actually knew about a major change having made to the section 140(1) of  Malaysian Insurance Act 1996 back in March 2009. Let’s revisit relevant subsections of section 140 of the Insurance Act…

Stupidity from the past…. A perpetual-Permanent Loss of Licence QS with an asshole lady in front!

During today’s drinking session, my reinsurer friend lamented to me as to how stupid those practitioners (the insurer perspectives) from the past could have been, for having accepted a share of the Permanent Loss of Licence (LOL), and worst…… they…

Aviation Insurance….. We pay! Please don’t bother to take off…

TRYING A HAND ON MICRO-BLOGGING… 😎 In an Aviation meeting yesterday, we drifted into a question of an emergency landing situation where the pilot of an ATR plane did a forced landing onto a nearby island runway. After the successful…

The facultative reinsurance placement….. subjectivity that can be a pain for the undiscerned

It is not uncommon for (re)insurers to accept a share of any facultative placement by attaching their written share with some subjectivity…. You may want to call them “administrative booby-traps” – they are, factly depending on how those wordings were…

No Bumpy Ride, but just One Big Hole in between the RETAKAFUL CLAUSE

It is not uncommon nowadays for the conventional Non-Life insurers to trade facultatively (reinsurance) with our brother in trade, the (Re)Takaful Operators. It is also not uncommon either to see our brethen inserting subjectivity in the guise of RETAKAFUL CLAUSE…

FM Global is now a Labuan Offshore Financial Services’ registered reinsurer!

FM Global

FM stands for Factory Mutual – basically FM is a mutual insurance company with headquarter in Johnston, R.I., US. Globally, FM is known as FM Global, to some, it’s FMG. I have came across the FM Global’s Industrial All Risks’…

How has the recent global financial crisis affected the Reinsurance markets?

financial crisis

If you are requested to write this assignment in no less than 3,000 words, this is actually a luxury rather than a pain in the ass! I remembered when doing my assignments for my MBA two years ago, the university…