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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Monday, 6 October 2008
Impairment on Ping An's Books
Ping An Insurance willl book in an impairment charge of US$2.3 bil in Q3 on losses from its investment in Fortis.
Ping An paid US$2.5 bil for a 4.2% stake in Fortis in November. Fortis' operations in the Netherlands were taken over by the Dutch government recently.
Source: Business Times
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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- AIG to Sell 3 Life Businesses in Japan
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- Which Regulator to be Blamed for AIG's Crisis
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- Citibank to Distribute Secure Income Plus
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- What Will AIG Sell?
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