The Company, incorporated since 1976 in Malaysia started as a partnership between the Hong Leong Group and various International Insurance Broking Companies. Our partnership with these international broking companies, past and present, provided the Company with the necessary specialist broking support and technical capabilities. Building on the strength and reputation developed over the years, the Company in 2002 took on the name BIB Insurance Brokers Sdn Bhd to reflect its entity as a home grown Malaysian owned corporation. BIB had a feather added to its cap when the Company was awarded the Broker of the Year in 1998. BIB Insurance Brokers is and remain the only Malaysian broker to be accredited with this award.
WHAT WE DO
We develop insurance solutions to manage our clients’ risks.
Our Specialties and Niche Products:
Marine & Logistics
Captive management services
Construction and Infrastructure
We are proud that the management team comprises very experienced and qualified personalities from essential sectors of the Insurance Industry. This team as a unified force have a common goal of expanding our leadership stature in the Insurance Broking Industry.
Mr Kenny Thing, CEO
Mr Yap Kum Hoong (Ronny), Head of Servicing Division
Ms Cheong Yoke Keng, Head of Finance & Compliance
Mr Baljit Singh Bhupinder Singh, Head of Specialty
Ms. Sirona Vimalarajah, Head of Financial Lines
Ms. Ushaletchumy Sangar, Head of Employee Benefits and New Business
Mr Lai Poh Meng, Senior Manager
Ms. Janet Mah, Senior Manager
The company started operation in the mid 70s in treaty and facultative reinsurance broking business.
In the last part of the 80s the company embarked on an expansion business programme to offer both direct broking as well as reinsurance broking services and consultancy.
By the early 90s the company had built specialised project teams to provide a range of comprehensive services for specific sectors of the economy as well as for the fast emerging privatised sector.
Today, the company is one of the leading Insurance Brokers in servicing and consultancy for Large and Specialised Risks as well as Privatisation projects.
|1976||The Company was incorporated in Malaysia. It began as a partnership between the Hong Leong Group and Frank B Hall Inc., New York.|
|1989||The partnership was strengthened with the inclusion of the RENONG GROUP.|
|1992||The Company took a new corporate image in a new tri-parte partnership when Cullis Raggett Limited, UK replaced Frank B Hall Inc., New York.|
|1995||Cullis Raggett Limited, UK merged with Bradstock Group Plc, UK to create a more synergistic entity. The Company's name was changed to Bradstock Malaysia. This was a deliberate move for Bradstock Malaysia to take on a more challenging role towards regional expansion in which Bradstock Group Plc, UK would provide support with specialist broking skills and technical know-how.|
|1996||As part of the regional expansion to Asia, a subsidiary company was incorporated in Labuan, Malaysian. The Company is, now known as BIB Asia (L) Berhad|
|2002||The benefits of having several strategic partnerships in the past has finally paid off. The partnership with Bradstock, Blunt and Thompson, UK was then relinquished. The Company then took the name of BIB Insurance Brokers Sdn Bhd. The Company has matured and is now a fully Malaysian owned corporation. Strategic partnerships with several multinational and specialist insurance broking companies were established so that we can tap into the relevant resources and expertise when needed.|
|2012||Approval granted to BIB Asia First PCC (L) Bhd as a licensed Protected Cell Captive Insurance company.|