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Actuarial

Tuesday, 17 November 2009

MAA Takaful will not be sold to AHB

AmG Insurance Berhad will proceed to acquire general insurance business of MAA, the price will however be revised to RM180 mil from RM254.8 mil (subject to further adjustments).

The revision of price is in view of 4.9% equity stake in MAA Takaful Berhad will not now be sold to AMMB Holdings (AHB). The equity holding in MAA Takaful is considered to carry some strategic value.

Source: Bursa 1 & 2

Labels: AmAssurance, MAA, Merger

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: 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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