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, 25 May 2008
Pacmas Q1 Profit Down
Pacificmas Bhd's net profit for Q1 2008 fell 75% from RM10.9 mil to RM2.7 mil.The main reasons were poorer underwriting results, lower net realised gains and higher provision for diminution in investments.
Currently OCBC holds 99.7% stake in Pacmas and has until 25 June to meet the 25% shareholding spread.
Source: The Edge Daily
Labels: Business Targets, Merger, Pacific Insurance
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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