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.
Insurance Job Advertisements
Wednesday, 10 June 2009
"A-" for both Malaysian Re and Labuan Re
Fitch has affirmed "A-" rating of both Malaysian Re and Labuan Re.
Information on Malaysian Re:
- Largest reinsurance player in Malaysia
- 80% of business comes from Malaysia
- Holding company MNRB injected RM20 mil capital in April 2009
- Paid-up capital: RM500 mil
- Net income: RM40 mil (FY 3/2009), RM85.1 mil (FY 3/2008)
Information on Labuan Re:
- Owned by 11 Malaysian companies
- 22.5% of business from Malaysia
- Operating loss: US$5 mil (2008), profit: US$22.5 mil (2007)
Labels: Labuan Re, Malaysian Re, Rating
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
- ValuePac
- Asia Jade
- Aon the new MU shirt sponsor
- Nan Shan is now cheaper
- Securitisation of takaful contributions
- Manulife wants takaful licence
- MAA's deal expected to conclude in Q4
- AmAsia Recovery
- Heads of Actuarial Department
- Perwakim's views on motor insurance rebates
Subscribe to
Posts [Atom]
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home