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About us

Challenge Group is a group of companies based in Malaysia that collaborates with a network of affiliated companies, along with a team of international experts from Europe, Asia, the Middle East, and Latin America. Together, we offer a comprehensive range of services in insurance and reinsurance broking, captive insurance, and risk management consulting.


Insurance projects the Group originate from 40 countries across five continents.

Kuala Lumpur
Labuan
Global reach
Kuala Lumpur
Labuan
Global reach

Challenge Group Inc was incorporated in 2007.

Challenge Group Inc is licensed to conduct broking activity approved by the Ministry of Finance of Malaysia and specializes in reinsurance broker services, risk management, actuarial analyses and international consultancy.

The company actively develops business of the regional markets and places accounts from a wide range of countries, including Malaysia, Indonesia, Philippines, Vietnam, Egypt, China, Papua New Guinea and other.

The company is an active member of Labuan International Insurance Association - LIIA.

Appointed Auditors – Moore Stephens www.moorestephens.com

Physical office: B1-3-5, Solaris Dutamas, No. 1, Jalan Dutamas 1, 50480, Kuala Lumpur, Malaysia

Director & Principal officer of the company is Irina Shevyakova

Challenge Group Underwriters & Managers (L) Inc was established in 2008.

The Company holds Underwriting Management and Master Rent-a-Captive licenses and specializes in Captive/Rent-a-Captive management and management of reinsurance companies.

For over a decade the Company has been growing in-house expertise on company and captive management, focusing on all sides of business. As a result, Challenge Group has become a unique member of the Labuan industry whereas the global presence of the group enables to offer all clients added value beyond simple management. 

The company is an active member of Labuan International Insurance Association - LIIA.

Appointed Auditors – Moore Stephens www.moorestephens.com

Office: Bungalow Unit No. U734, Jalan Tanjung Purun, 87000 Labuan F.T., Malaysia

Director & Principle officer of the company is Erich Nicholas

Challenge Group is actively expanding its global reach by collaborating with new partners and engaging with industry experts all over the world. This proactive approach allows the Group to initiate innovative insurance projects that address even the most complex risks of clients across various markets.

Among other countries of presence, should be noted:

  • Colombia - active development in all major business lines, including:
    • property and liability
    • construction
    • aviation 
    • agriculture
    • cargo
    • cyber
    • and many others
  • Switzerland -  reinsurance and agricultural expertise 
  • Uzbekistan - development and promotion of an affiliated insurance and reinsurance company with unique, for the local market, competencies in the area of international (re)insurance