Etiqa Offshore Insurance (L) Ltd

Who We Are

Etiqa Offshore Insurance (L) Ltd (EOIL) is a licensed Insurance/Takaful and Underwriting Manager, incorporated in the Labuan International Business & Financial Centre. We are the pioneer in Insurance Management Services, established since 1991 to serve the statutory requirements of licensed offshore entities operating in Labuan. 
 
Since our incorporation, EOIL has contributed to the Island’s economic growth, having assisted over 50 international clients to domicile their operation in Labuan on top of creating job opportunities. We are also home to some of the largest national conglomerate Captive companies such as Petronas, Sime Darby, and Tenaga Nasional.
 
EOIL is a wholly-owned subsidiary of Maybank Ageas and a sister company to Etiqa Insurance & Takaful, the largest insurance and takaful group in Malaysia.

Why Etiqa Offshore

We have a team with vast experience in handling clients from various types of operations such as Insurance & Takaful, Reinsurance, Broker, Wealth Manager and Captive companies.

Being part of the largest insurance group in the country, we have great insight into the insurance industry to provide solutions to your needs. 

Our Board of Directors

Meet our Board members who are committed to ensuring that our business is properly managed to deliver value to our shareholders.

Y. Bhg. Dato' Majid Mohamad
Y. Bhg. Dato' Majid Mohamad

Dato’ Majid has extensive experience in the setting up, regulatory planning, and rehabilitation of finance and insurance institutions. He started his banking career in Bank Negara Malaysia in 1977 and held various supervisory roles across key departments, from audit to economic, bank, and insurance regulations. He was the Chief Executive Officer of Pacific and Orient Insurance Berhad, Malaysia National Insurance Berhad, The People’s Insurance Co. (Malaysia) Berhad, Talasco Insurance Berhad, and Labuan Reinsurance (L) Ltd.

Dato’s Majid is also currently a board member of University Malaysia Pahang (UMP).

Raymond Wong Shu Yoon
Raymond Wong Shu Yoon

Mr. 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, Mr. 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. Mr. 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, Mr. 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. Mr. Raymond Wong was Board Director of Labuan International Business and Financial Centre, Catlin Labuan Limited, Malaysia National Reinsurance Berhad and Paramount Assurance Berhad.

Johan Lam Chung Yin
Johan Lam Chung Yin
Johan Lam has 30 years of experience in the financial sector in Asia and North America. He is currently the Chief Administrative Officer and Chief of Staff, at Ageas Asia where his responsibilities include providing supervision into the Asia regional office’s Operations, IT, Branding, Marketing and Communications, and Corporate Planning and Services. Johan has also worked closely with the CEO of Asia on new market entries and M&A transactions in the Asia region. Currently, he assists the CEO in partnership management across Asia and special projects assigned by Ageas Group. Johan is an Ageas Asia Management Committee member and an Ageas Asia Services Limited Executive Director. He is also a Non‐Executive Director of Etiqa Life Insurance (Labuan) Ltd and Etiqa Offshore Insurance (Labuan) Ltd, which are Ageas’s joint venture in Malaysia. Johan is a Hong Kong Permanent Resident and a Canadian citizen. He holds a Bachelor of Business Administration degree from Simon Fraser University, Canada, double majors in Business Administration and Economics and a Master of Business Administration degree from the University of Newcastle, Australia.

The People

Meet our excellent Labuan team members who are committed to providing exceptional service and achieving the best outcomes based on trust, integrity, and ethics.

Rosfadzilani Ghani
Rosfadzilani Ghani

Head, Labuan Operations

fadzilani.g@etiqa.com.my

With almost three decades of experience at Etiqa Offshore, she has acquired a profound understanding of the Labuan industry and insurance management services. Her academic background includes a Diploma in Secretarial Science and a Certificate in Insurance from The Malaysian Insurance Institute. Additionally, she is a Certified Compliance Professional from the International Academy of Business and Financial Management and a member of The Malaysian Insurance Institute.

Moreover, she possesses the title of Certified Anti-Money Laundering/Counter Financing and Regulatory Compliance Officer and Certificate of Shariah for Takaful Practitioner. Currently, she serves as a Treasurer of Labuan International Insurance Association. Her extensive experience, diverse skillset and exceptional qualifications make her a valuable asset to any organisation operating in the Labuan industry and insurance management sector.

Idzuddin Zakaria
Idzuddin Zakaria

Business Development

mdidzuddin.zakaria@etiqa.com.my

Leads the company's Business Development strategy and oversees marketing initiatives for Etiqa Offshore Insurance (L) Ltd. He also supervises the client servicing team, ensuring we maintain a high standard of deliverables to our clients.

He has more than 25 years of experience in various sectors of the Insurance industry, from underwriting, insurance broking and reinsurance prior to joining Etiqa Offshore.

Tan Sri Dr. Mohd Daud Bakar
Tan Sri Dr. Mohd Daud Bakar

is an expert in various Shariah advisory and consultancy matters related to the Labuan Islamic Financial Industry, especially with Labuan FSA’s regulations. Currently, he serves as the Chairman of the Shariah Advisory Council (SAC) at the Central Bank of Malaysia, the Securities Commission of Malaysia, the Astana International Financial Centre (AIFC), Kazakhstan, the First Abu Dhabi Bank, and Permodalan Nasional Berhad (PNB). He is also the Chairman of the Federal Territories Islamic Religious Council (MAIWP).

He has been honoured with an “Award of Excellence for Outstanding Contribution to Shariah Leadership and Advisory”, the London Sukuk Summit Awards 2016 “Shariah Advisor Award”, The Asset Triple A Islamic Finance Award 2015 and “Anugerah Perdana Maulidur Rasul” by the Government of Malaysia (2014).

Chock Siew Fung
Chock Siew Fung

siewfung.c@etiqa.com.my

has over 20 years of extensive experience in accounting, auditing, administration, and quality management. She is a Member of The Malaysian Insurance Institute.

Prior to joining Etiqa, she was the Head of Finance of IOI Edible Oils Sdn Bhd (Palm Oil Refinery) for 10 years in the Human Resources and Administrative Department.

Norzainab Zaini
Norzainab Zaini

zainab.z@etiqa.com.my

graduated with a bachelor in accountancy (Honors) and a Certificate of Insurance from the Malaysian Insurance Institute. She is a Member of the Malaysian Institute of Accountants (MIA) and The Malaysian Insurance Institute (MII).

She has nearly 20 years of experience handling diverse portfolios of clients from reinsurance, brokers, and captives, each with a different background. She majors in finance and accounting, budget and cash flow forecast/projections and treasury.

Chia Ling Hui
Chia Ling Hui

linghui.chia@etiqa.com.my

Ling Hui graduated with Degree of Bachelor of Arts in Accounting and Finance. She is a Member of the Malaysian Institute of Accountants (MIA) and a Fellow of the Association of Chartered Certified Accountants (ACCA).
 
She has 10 years of experience in audit providing assurance services to a wide spectrum of clients which are involved in a variety of business activities and examining financial statements of clients to ensure compliance with accounting standards and Labuan FSA's regulation.
 
She has just joined the company in August 2021 and is currently in charge of the management services for clients of Etiqa Offshore Insurance (L) Ltd.
 
Amierah Ratna Binting
Amierah Ratna Binting

Internal Auditor

ratnah.b@etiqa.com.my

is approaching her 20th year of experience working with Etiqa Offshore; she spent over 12 years in the Management Services Department before being transferred to the Internal Audit Department. As the current compliance and risk management personnel, her job involves ensuring the Etiqa Offshore complies with Labuan FSA’s rules and regulations while performing client internal audit functions.

She is an accomplished international finance professional with a master’s degree and a bachelor’s degree in Finance, and a Diploma in Public Administration and the Malaysian Insurance Institute.  She is also recognised as a Certified Anti-Money Laundering/Counter Financing and Regulatory Compliance Officer, showcasing her expertise in regulatory compliance. Additionally, she holds a Certificate of Shariah for Takaful Practitioners, demonstrating her versatility and dedication to the insurance industry. Notably, she is a Malaysian Insurance Institute and Malaysia Young Shariah Scholar Association member, reflecting her active involvement in the industry and commitment to professional development.

Romeo Robert
Romeo Robert

Compliance

romeo.ro@etiqa.com.my

graduated with a bachelor’s degree in Entrepreneurship (health entrepreneurship), is recognised as a Certified Anti-Money Laundering/Counter Financing and Regulatory Compliance Officer and  is a member of The Malaysian Insurance Institute.

He has more than 5 years of working experience with Etiqa Offshore, and is currently entrusted with the critical responsibility of preparing and managing Compliance Reports. He ensures clients seamlessly adhere to Labuan FSA’s rules and regulations.

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