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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Saturday, 27 December 2008
Writ of Seizure and Sales against HLA
Hytex Integrated Berhad has obtained a Writ of Seizure and Sales against Hong Leong Assurance. The claimable amount is RM30.4 mil plus 8% interest. The amount is for a disputed fire insurance claim.Hytex is a sports goods manufacturer for international brands such as Nike and Puma.
Earlier it was reported elsewhere (not this blog) that the office of HLA was "seized and sealed" which was inaccurate.
Source: Bursa 1 & 2, Sinchew 1, 2, 3 & 4
Labels: Complaints, HLA
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
- News in Brief - Dec 23, 2008
- PB-ING One Educate
- PruBSN to open 7 new branches
- EON Bank Interested in Insurance Company
- Pacificmas ceases negotiations with ACE
- MSIG Keen on M&A
- STMB is confident despite economic slowdown
- PRUmultiple Crisis Cover
- STMB Launches Wakalah-Based Products
- Ng Keng Hooi Joins Great Eastern
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