No concrete merger plan for HLA yet

HLA confirmed that it was not in talks with Tokio Marine & Nichido Fire Insurance Co. on potential disposal of stake to the latter. HLA's capital adequacy ratio was also comfortably above 130%.

However, HLA would consider strategic tie-up and had been approached by several companies although nothing was concrete.

HLA is targeting 3% gross premium growth for FYE June 2009.


Source: Business Times 1 & 2, The Star