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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Sunday, 6 April 2008
Anugrah Life through Mayban Fortis
Maybank is going to acquire 60% of PT Anugrah Life Insurance, a subsidiary of PT Panin Life Tbk, through Mayban Fortis Holdings Berhad. The earlier plan was for Maybank Group to acquire directly.
The change was as a result of the regulation of the Ministry of Finance of the Republic of Indonesia which requires a foreign holding company to maintain a majority of its portfolio in insurance business should it wish to become a shareholder of a local insurance company.
http://announcements.bursamalaysia.com/EDMS%5Cedmsweb.nsf/LsvAllByID/48256E5D00102DF448257421003635AF?OpenDocument
Labels: Anugrah, Mayban Fortis, 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.
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