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, 10 November 2008
MAA Shares Suspended (News Break)
MAA shares were suspended from trading this morning pending an announcement by the Company after 5pm which is "deemed material".MAA shares surged close to 30% on Friday and another 11% this morning before suspension.
AM Bank Group was reported in Chinese daily that they would make an announcement this week on their takaful licence. We reported previously that AMAssurance was offered 10% of MAA Takaful. It is yet to see if MAA's suspension has anything to do with the divestment of their takaful licence.
Source: Bursa Malaysia
Labels: AmAssurance, MAA, 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.
Previous Posts
- Fidelis Opposes Merger of Institute and Faculty
- STMB Profit Adjusted Up RM4.6 mil
- Compesation Costs DBS up to S$80 mil
- RHB Islamic Ties Up with 2 Takaful Operators
- ING Buys Menara Standard Chartered
- BNM Met with Insurance and Takaful Leaders
- Malaysian Re Counts on Overseas Markets
- Zurich Enters Takaful
- 3 More Parties Interested in Pacific Insurance
- Dato' Aminuddin Md Desa returns as CEO
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