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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Wednesday, 25 June 2008
One Less Suitor, One More Suitor
One Less Suitor
Allianz Insurance Management Asia Pacific Pte. Ltd has pulled out from the negotiations to acquire equity interest in MAA. It is believed that AmAssurance is left in the discussions at the moment.
MAA shares closed 10 sen or 8.5% down before the announcement.
One More Suitor
Fairfax Asia Limited has expressed interest to acquire an equity stake in Tahan. Currently there are 3 interested parties (including Fairfax) in negotiations to acquire Tahan.
Fairfax is a Canadian company and owns 1 of the largest general insurance companies in India.
Source: Bursa Malaysia 1 & 2
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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