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
Sunday, 2 August 2009
Great Eastern spends S$250 mil to buy back GLC
Great Eastern Singapore is spending S$250 mil to buy back GreatLink Choice from 18,000 customers.GLC is a product aims to provide investors with fixed annual payouts ranging from 3.5 to 4.9% and refund of principal on maturity although both returns and capital refund are not guaranteed. The values of the GLC plans have plummeted between 40 and 80% due to the collapse of CDOs.
Source: The Strait Times
Labels: Great Eastern, Lehman Structured Products
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
- More news articles on private pension
- Maid Protector
- Merger of Institute and Faculty fails
- Uni.Asia partners UOB
- Insurance companies not in private pension plan
- Great Eastern partners OCBC in bancassurance
- Second-round bidders for Nan Shan
- SC approved disposal of GI business
- HLTMT's 2010 target
- PRUhealth
Subscribe to
Posts [Atom]
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home