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, 31 March 2009
MNRB sets RM30 mil provision
MNRB is likely to set aside RM30 mil in provision to cover equity investment losses in FYE 31/3/2009.Other business facts:
- 10% assets invested in equities, 24% in MGS, 50% in cash, balance in PDS
- FY 2008 net profit: RM165.6 mil
- 1st 9 months in FY 2009, net loss: RM21.4 mil
- Malaysian Re rated A- by A.M. Best and Fitch Ratings
Source: Business Times
Labels: MNRB
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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- BNM's Annual Report 2009
- ING to clawback 1200 employees' bonuses
- Jerneh targets 10% growth
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- Great Eastern has new CIO
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