New Captain

Second Generation “2G” Leaders
July 2, 2021
Chief Business Officer
September 2, 2021


"Our New Captain"

New Principal Officer Appointment


 

The Archipelago Group (TAG) is delighted to announce the appointment of Mr. Ahmed Farouk Aripen as the next Principal Officer (PO) of Archipelago Insurance Limited effective 9th August 2021.




Mr. Ian Lim Teck Soon said “We are pleased that Labuan FSA has approved our recommendation for Mr. Ahmed Farouk as Principal Officer of Archipelago Insurance Limited. He has been a significant member of our senior management team and is fully competent as an experienced flagship captain. Our commitment to our clients, partners and advisors remain resolute and our priority is to build a robust second generation “2G” leadership towards our great voyage of Endless Possibilities.”

“It is a privilege to helm this opportunity as its new PO. I look forward in expanding Archipelago’s regional base in Asia through the latest Labuan Insurance Product Offerings a nd position TAG as a meaningful contributor to the growth of Labuan IBFC. An important factor in making Archipelago even more effective is digitalisation. Our digital culture is starting to thrive and we are establishing new agile working methods with our business clients and partners.” said Mr. Ahmed Farouk Aripen.

Ahmed Farouk Aripen is a Chartered Accountant from the Malaysian Institute of Accountants and Certified Practicing Accountant from CPA Australia. He holds a B.A in Accountancy from the University of South Australia, Certificate in International Risk Management (CIRM) from the Institute of Risk Management of UK and Certificate of the Malaysian Insurance Institute (CMII). He started his career in 1994 with the international audit firm Coopers & Lybrand and then with Ernst & Young followed by a career in the construction and engineering industry as a management accountant. He ventured into the insurance industry in Labuan through Etiqa Offshore and on to Challenge Group as its insurance and underwriting manager, specialising in captive management, reinsurance broking and accounting, risk management, compliance, and corporate governance. After serving Labuan Reinsurance (L) Limited as the AVP for Finance & Accounts, he joined The Archipelago Group in 2018 taking the role of the Principal Officer and Director of the PCC (protected cell captives) operations and the Group Chief Financial Officer. With this new appointment in the Group, he will relinquish his position as the Principal Officer in the PCC operations but still maintain his position as the Group Chief Financial Officer.

The Archipelago Group is a Labuan based insurance financial institution delivering bespoke Insurance, Reinsurance, Insurtech solutions and services in Asia. Through its operating entities licensed by Labuan FSA – Archipelago Insurance Limited and Archipelago Life Insurance Limited, the Group provides comprehensive and multi-faceted products and services of (re) insurance, life insurance, takaful general and family takaful. The Group expands its business by using technology solutions and building alliances with insurance players in the Asian region. The Group’s entities operate within the Labuan IBFC regulated framework and are members of the Labuan International Insurance Association (LIIA).