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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Friday, 10 October 2008
Yamato Life Goes Under
A medium size insurer in Japan, Yamato Life Insurance, has gone bust. It has debts of $2.7 bil and fell US$111 mil in the red because of drastic fall in global stock prices.
Source: The Star, Insurance Daily
Labels: Insurer's Failure
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.
Previous Posts
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- ACR Targets Malaysia, Indonesia and Brunei
- Manulife's CEO Resigns
- What Went Wrong with AIG?
- Impact on Malaysia Insurance Industry
- MAA may be Taken Private
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