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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Friday, 29 May 2009
MAA's deal expected to conclude in Q4
The sale of MAA's GI unit and 4.9% of MAA Takaful to AMG Insurance Berhad is expected to conclude in Q4 2009.Transaction prices:
- MAA GI: RM274.8 mil
- 4.9% of MAA Takaful: RM16.2 mil
MAA is also considering raising capital either through rights issue or issuing new notes.
Source: Business Times
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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