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, 15 April 2008
AXA Affin's Corporate Activities
AXA Affin General Insurance Bhd is currently involved in 2 potential M&A deals: merger with Boustead Holdings Bhd's BH Insurance (M) Bhd and acquisition of MAA.
Other business information:
- Total gross premium RM312 mil (2007), growth of 4.1% (industry average 4.07%)
- 1,500 agents nationwide, incl. 273 in East Malaysia
- Targets to add 15% more agents in West Malaysia in 2008
- Business mix: motor insurance (45%), commercial insurance (30%), health & marine
- Profit margin 16%, top 5 most profitable
- Market share 2.7%, ranked 18 out of 35
Source: The Star
Labels: AXA Affin, BH Insurance, Business Targets, 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.
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