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 Lai Yun Yin, CEO
Ms Cheong Yoke Keng, Head of Finance & Compliance
Ms. Sirona Vimalarajah, Head of Financial Lines
Ms. Ushaletchumy Sangar, Head of Employee Benefits and New Business
Ms Lim Lee Ling, Assistant GM of BIB Asia (L) Bhd
Our team of vastly experienced Technical Advisors offer in depth views and technical exrpertise to further enhance the magnitude and effectiveness of our services
Mr Yap Kum Hoong (Ronny)
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.|
|2020||BIB Insurance Brokers announces collaboration with Vynn Capital, to bridge the gap and introduce innovation into the insurance and financial sectors. Click HERE for the official press release.|
BIB Insurance Brokers Sdn Bhd and its subsidiaries (“BIB Group”) are committed to good business ethics and integrity as set out in BIB Group Code of Conduct & Ethics. All employees are encouraged to raise concerns about improper conduct at the earliest opportunity, and in an appropriate way.
Who can raise concerns?
What types of concerns should you raise? You should raise any concerns about any improper conduct or wrongful act that is committed within BIB Group, including but not limited to:
Any concerns about malpractice should be raised. To download BIB Whistleblowing Policy and Form, please click HERE
As a leading and reputable insurance broker in Malaysia, BIB Insurance Brokers Sdn Bhd (“BIB”) is committed to apply the highest standards of compliance with laws and regulations, corporate governance, internal controls, ethical conduct, and professional integrity in its business activities. BIB’s zero tolerance approach to bribery and corruption and commitment to Malaysian Anti-Corruption Commission Act 2009 is set out in details in its Anti-Bribery and Corruption Policy. BIB is committed to comply with all laws and regulations relating to anti-bribery and anti-corruption. This policy is applicable to all officers and employees within BIB and all stakeholders including you. Every officers and employees are responsible for familiarising themselves with the Policy, requirements surrounding it and strictly adhere to it.
To download BIB Anti-Bribery and Corruption Policy, please click HERE