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Monday, 1 March 2010

News Digest 20100223-20100301

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posted by Teh Loo Hai @ 2:36 PM   0 Comments Links to this post

Tuesday, 23 February 2010

News Digest 20100203-20100223

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posted by Teh Loo Hai @ 2:29 PM   0 Comments Links to this post

Wednesday, 4 March 2009

Affin to acquire stake in BH Insurance

Affin will commence preliminary negotiations soon with Felda Holdings Bhd to acquire the latter's equity interest in BH Insurance after receiving green light from BNM.

Source: The Star

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posted by Teh Loo Hai @ 8:46 PM   0 Comments Links to this post

Tuesday, 15 April 2008

AXA Affin's Corporate Activities

AXA Affin General Insurance Bhd is currently involved in 2 potential M&A deals: merger with Boustead Holdings Bhd's BH Insurance (M) Bhd and acquisition of MAA.

Other business information:
  • Total gross premium RM312 mil (2007), growth of 4.1% (industry average 4.07%)
  • 1,500 agents nationwide, incl. 273 in East Malaysia
  • Targets to add 15% more agents in West Malaysia in 2008
  • Business mix: motor insurance (45%), commercial insurance (30%), health & marine
  • Profit margin 16%, top 5 most profitable
  • Market share 2.7%, ranked 18 out of 35

Source: The Star

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posted by Teh Loo Hai @ 9:56 AM   0 Comments Links to this post