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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Tuesday, 16 December 2008
MSIG Keen on M&A
MSIG Insurance (M) Bhd is keen to pursue M&A strategy in Malaysia. The company acquired Aviva Insurance Bhd 2 years ago and does not rule out further acquisitions.
Other information on MSIG:
- No. 1 market share in marine cargo insurance (22.2%)
- No. 1 market share in Fire insurance (10.6%)
- Distribution channels: agency (35%), direct business (23%), motor business (14%), broker business (9%), bancassurance (7%)
- Gross premiums: RM710 mil (2007), RM702 mil (2006)
The current CEO, Song Yam Lim, will retire end of the year and Executive Director, Kenichi Fukuhara, will take over as the new CEO effective 1 Jan 2009.
Source: The Star
Labels: Aviva, Business Targets, CEO, Executive Movement, Merger, MSIG
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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