Munich Re Syndicate Labuan (MRSLab) has named Mr James Ng as general manager and principle officer based in Kuala Lumpur. He succeeds Mr Hassan Mohd Mustafa who will assume the role of director of portfolio management. Mr Hassan has been involved in the insurance industry for almost 40 years and has been at Munich Re for over six years.
In his new role, Mr Ng will have overall responsibilities on the Labuan operations and its business activities. He will report to Munich Re Syndicate head of Asia Celine Ang.
With over 17 years of insurance industry experience, he joined Munich Re in December last year as the deputy general manager. Prior to that, he was the chief distribution officer for QBE Insurance based in Singapore and head of brokers for Chubb Malaysia where he was also a member of the Executive Committee.
Mr Ng is a Certified Insurance Professional (CIP) and was awarded fellows from the Australia and New Zealand Institute of Insurance and Finance (ANZIIF). He earned a bachelor of business degree in Economics and Finance from the RMIT University, Australia and an MBA from Victoria University, Australia.
Formed in 2013, MRSLab is currently operating under the holding of Munich Re Specialty Group out of its Asia-Pacific hub in Singapore. It provides the syndicate with the ability to cater to the Malaysian reinsurance market and MRSLab’s Labuan office provides expertise in a wide variety of classes of business such as energy, marine, engineering, financial lines, cyber, terrorism and contingency.