Insurance News
Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
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Tuesday, 25 March 2008
IAG Plans to Dispose Stake in AmAssurance Life
IAG plans to dispose of its 30% stake in AmAssurance life business, the potential buyer is Friends Provident, although the latter is itself a potential takeover target of US private equity firm JC Flowers & Co.It was reported that IAG would focus on general insurance business by increasing its stake in AmG Insurance from the current 30% to 49%. IAG bought the 30% stake in 2006 for RM193.2 mil.
Labels: AmAssurance, Friends Provident, IAG, Merger
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
Previous Posts
- AmAssurance Offered 10% of MAA Takaful
- MAA Sells Life & General Units Separately
- Changepoint for Great Eastern
- MoF Approves PacificMas Acquisition
- Captor for Takaful Ikhlas
- Thailand Amends Insurance Act
- Takaful Refund Delayed
- Ping An to Acquire Fortis
- AmAsssurance Interested in MAA Takaful
- Takaful Ikhlas Targets RM520 mil Contributions
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