We underwrite our general insurance business, currently only in Malaysia, through our 83.26%-owned subsidiary, Tune Insurance Malaysia Berhad (TIMB).
Incorporated on 10 February 2011 in the Federal Territory of Labuan, is a company limited by shares under the Labuan Companies Act, 1990. TPR is our wholly-owned subsidiary company.
SHARE CAPITALTPR does not have an authorised share capital. The issued and paid-up capital of TPR is USD3,207,288.00 comprising of 3,207,288 ordinary shares.
BUSINESS FOCUSTGR does non-life reinsurance business namely accident and health risk derived from travel insurance policies underwritten for the customers of AirAsia, Cebu Pacific, Air Arabia and others. TPR reinsures Travel PA acquired via the online business channel. With respect to policies reinsured with TPR, we obtain retrocessional coverage with other rated reinsurers and cede to such insurers a portion of the risk we have assumed. The retrocessionaires we obtain coverage from are Lloyd's market syndicate members with a minimum rating "A" by Standard & Poor's.
Incorporated on 27 March 2009 in the Federal Territory of Labuan, is a company limited by shares under the Offshore Companies Act, 1990. TIL is licensed to operate as an offshore captive insurer in Labuan.
SHARE CAPITALTIL does not have an authorised share capital. The issued and paid-up capital of TIL is USD143,000.00 comprising of 143,000 ordinary shares.
Incorporated on 26 July 2013 in the Federal Territory of Labuan, is a company limited by shares under the Labuan Companies Act, 1990. The principal activities of TDL are investment holding and manager of the online distribution platform. The commencement of such activities is subject to regulatory consent.