Dato' Majid retired from Labuan Reinsurance (L) Ltd. at the end of 2010 and currently Chairman of Etiqa Family Takaful and Etiqa General Takaful.
He has extensive experience in the setting up, regulatory planning and rehabilitation of a wide range of finance and insurance institutions in the industry. Starting out at the Bank Negara Malaysia in 1977, he has held various supervisory roles across key departments, from audit to economics, and bank and insurance regulation.
In the insurance industry, he was CEO of a number of life and general insurance companies in Malaysia including Pacific and Orient Insurance, Malaysia National Insurance Berhad, The People Insurance Berhad, Talasco Insurance Berhad. In 2001, he facilitated the successful merger between Talasco and People's Insurance Berhad.
His current directorship includes Alliance Islamic Bank Berhad, Maybank Ageas Holdings Berhad, UMP Holdings Berhad and Pasdec Holdings Berhad.
Formerly, he was the adviser to Lloyd's of London, adviser to Labuan International Insurance Association (LIIA), independent board member of AIA Public Takaful Berhad, Alliance Investment Bank Berhad, UniAsia Insurance Berhad (now Liberty Insurance) and UniAsia Life Insurance Berhad (now Gibraltar Life Insurance). In academic field, he was a Visiting Professor of Islamic Finance at Universti Sains Islam Malaysia (USIM) and Universiti Sultan Zainal Abidin (UnISZA), Terengganu.
Dato' Majid holds a Bachelor of Arts (Honours) from University of Malaya Kuala Lumpur and a Masters of Business Administration from Manchester Business School, England. He also attended senior management programmes at ICLIF, Malaysia, Harvard Business School, USA and INSEAD, Paris.