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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Monday, 14 April 2008
ACR Retakaful
Business Times reported that Khazanah will set up the 3rd retakaful operator in Malaysia named ACR Retakaful.
- Capital of US$100 mil.
- Owned by Khazanah (40%), Dubai Islamic Investment Group Ltd (40%) and Asia Capital Reinsurance Group Ptd Ltd (ACR) (20%).
- Operational license expected to be granted by end of May 2008.
- Zainal Abidin Mohd Noor, the former CEO of Etiqa, is expected to be the chief.
Source: Business Times
Labels: ACR, Executive Movement, Retakaful
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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