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
Saturday, 22 August 2009
EON bank considers acquisition of insurer
EON Bank is in active talks to either acquire a stake in or form a joint venture partnership with insurer to strengthen its bancassurance business.
EON Bank's preferred partner is a composite insurer, the bank is strong in hire purchase and housing loans and a composite insurer will fit in the picture well.
Target: Bancassurance and other non-interest income to contribute 25 - 30% of its revenue.
Current: 20%
Timeframe: 3 years
Previous related posts:
- EON Bank interested in MCIS Zurich
- Acquisition of MCIS to be completed by Sept 2009
- EON Bank will not acquire MCIS
- PacificMas ceases talks with Aureos and EON
Source: The Star, Business Times
Labels: Bancassurance, Business Targets, Merger
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
- Charlie's appointment approved
- LIAM: A(H1N1) is covered
- SAS LIA Life Protection Seminar
- Prudential's NB grew 5%
- HLTMT's deal approved
- Hannover Re targets 15% growth
- ASM Actuarial Idol
- Uni.Asia General new CEO
- Uni LifeIncome
- Articles on insurance/takaful over the weekend
Subscribe to
Posts [Atom]
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home