Captive formation process and management
Challenge Group has established itself as a specialist underwriting manager in Labuan, Malaysia. Challenge Group Underwriters & Managers (L) Inc. provides the most comprehensive range of management services for new entrants as well as current participants in the Labuan market.
Due to our combination of international experience, local knowledge and active participation in the reinsurance industry, we have an in depth understanding of all aspects of insurance/reinsurance companies and captive operations. Challenge Group is the only manager represented in Labuan who is also a firmly-established international broker and can therefore provide a diverse range of services, including underwriting support and development of reinsurance programs.
Our objective is to smoothly and efficiently resolve all accounting/administration matters, as such allowing our clients to minimize time spent on administration and to maximize time spent on core business competencies.
• Licence application
• Internal audit facilitation
• Incorporation services
• Corporate governance
• Human resources
• Record keeping
• Financial/statuary reporting and compliance
• Expenses and disbursements administration
• Cash flow control and projection reporting
• Underwriting support on all major classes of risk, including specialty lines
• Organisation of a comprehensive reinsurance coverage in international markets
CONSULTING AND ANALYSIS
• Risk management/risk analysis
• Assistance in selecting service providers (lawyers, auditors, etc.)
• Actuarial and support