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, 3 September 2008
Maybank Calls off PT Anugrah Deal
Maybank has decided to pull out of the PT Anugrah Life deal. In our earlier post, we reported that the approval by Indonesia's MOF lapsed on 4 August 2008 and both Maybank and Panin continued to seek resolution of partnership.
Indonesia however continues to be a target market for Maybank's insurance and takaful expansion and it will continue to look for other options in developing its presence in Indonesia.
Source: Bursa Malaysia
Labels: 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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