What this blog is about?

Purpose: This blog provides brief insurance news and digest for the busy executives. It is a handy archive covering major insurance news in Malaysia and nearby countries. 

Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we are not liable for any loss arising from the use of any information contained in this blog.

Reproduction: You may reproduce materials published here provided that the source (actuaries.com.my/insurance-news) is properly acknowledged.

Uni.Asia Life is now Gibraltar BSN Life 

Insurance News

  -  April 29, 2014
Uni.Asia Life has been rebranded to Gibraltar BSN Life following the joint venture between Prudential Insurance Company of America (70%) and BSN (30%).  http://bit.ly/TAS140429a 

 

Posted by Loo Hai Tuesday, April 29, 2014 9:41:00 PM Categories: Gibraltar BSN Uni.Asia
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Etiqa eyeing Indonesia and Philippines markets 

Insurance News

  -  April 28, 2014
Etiqa will roll out its life insurance business in Singapore by end of this year. It is also eyeing to expand its operations to Indonesia and the Philippines.  http://bit.ly/TAS140428b 

 

Posted by Loo Hai Monday, April 28, 2014 9:02:00 PM Categories: Etiqa
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MetLife and AMMB inked RM812 mil deal 

Insurance News

  -  April 28, 2014
AMMB and MetLife today inked a RM812 mil deal witnessed by President Obama. The deal involves selling 50% + 1 share in AmLife and 50% - 1 share in AmTakaful valued at RM740 mil and RM72 mil respectively. MetLife would also secure 20-year exclusive bancassurance distribution rights through AmBank and AmIslamic under the deal. The share sales exercises is expected to be completed by 30 April.  http://bit.ly/TAS140428a 

 

Posted by Loo Hai Monday, April 28, 2014 7:21:00 PM Categories: AmMetLife AmMetLife Takaful Merger MetLife
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Manulife launched EGSP with Alliance Bank 

Insurance News

  -  April 24, 2014
Manulife launched Elite Global Select Plan (EGSP) with Alliance Bank and targeted 2000 to 3000 policies in 1st year. EGSP is a 10-year close-ended single premium investment-link plan with investments in multiple asset classes across Asia, Europe and the US.  http://bit.ly/TAS140424b 

 

Posted by Loo Hai Friday, April 25, 2014 10:27:00 AM Categories: Manulife Product
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Details on acquisition of MCIS Zurich by Sanlam 

Insurance News

  -  April 24, 2014
This article has more details on the acquisition of MCIS Zurich by Sanlam.  http://bit.ly/TAS140424a 

 

Posted by Loo Hai Friday, April 25, 2014 10:26:00 AM Categories: MCIS Zurich Merger Sanlam Zurich
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Sanlam to takeover from Zurich and become major shareholder 

Insurance News

  -  April 23, 2014
With Zurich's pull out, Sanlam will buy into 51% stake in MCIS Zurich for $119 mil. Sanlam will take over Zurich's 40% stake and acquire another 11% either from minority shareholders or from Koperasi MCIS Bhd.  http://bit.ly/TAS140423b 

 

Posted by Loo Hai Wednesday, April 23, 2014 9:41:00 PM Categories: MCIS Zurich Merger Sanlam Zurich
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Zurich pulls out of MCIS Zurich 

Insurance News

  -  April 23, 2014
Zurich Asia is disposing its 40% stake in MCIS Zurich to Koperasi MCIS Bhd for RM304 mil. The transaction is expected to take place on 5/5/2014.  http://bit.ly/TAS140423a 

 

Posted by Loo Hai Wednesday, April 23, 2014 2:02:00 PM Categories: MCIS Zurich Merger Zurich
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