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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Friday, 21 March 2008
Ping An to Acquire Fortis
Ping An and Fortis signed an MoU for the former to acquire 50% of Fortis Investments. Fortis Investments will be renamed Fortis Ping An Investments. The deal is expected to complete within this year.
Ping An's chairman Ma Mingzhe said the deal would create benefits for Ping An as it could expand to the Asia Pacific region as well as emerging markets.
http://www.forbes.com/markets/feeds/afx/2008/03/20/afx4797082.html
Ping An's chairman Ma Mingzhe said the deal would create benefits for Ping An as it could expand to the Asia Pacific region as well as emerging markets.
http://www.forbes.com/markets/feeds/afx/2008/03/20/afx4797082.html
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.
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