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.
Insurance Job Advertisements
Monday, 24 March 2008
MAA Sells Life & General Units Separately
Business Times reported that MAA is to sell its general insurance business to AMAssurance and life insurance business to either Axa or Allianz.AmAssurance is also interested in MAA's takaful business, as reported in this blog earlier.
The splitting of business will attract better price for MAA. Given that AMAssurance is also in the process of splitting its composite license, MAA does not expect any objection from BNM on its proposal to split the business and sell them separately. MAA has yet to seek BNM's approval on splitting and the process is expected to take 6 to 9 months.
Labels: Allianz, AmAssurance, AXA Affin, MAA, 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
- 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
- Hong Leong Bank Offers Cancer Protection Plan
- AXA Affin to Launch Bancassurance with Affin Bank
Subscribe to
Posts [Atom]
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home