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.

DBS' bancassurance deal attracts many insurers 

DBS Bank's exclusive 15-year bancassurance deal has attracted many insurers including AIA, Prudential, Manulife, Aviva and Sun Life. http://bit.ly/TAS150205b

Thursday, February 5, 2015 6:04:00 PM Categories: AIA Aviva Bancassurance Manulife Prudential Sun Life
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PAMB plans to increase agency force 

PAMB plans to increase its agency force from 17,500 to 27,000 by year 2018. http://goo.gl/5fC1XT

Monday, November 3, 2014 8:36:00 PM Categories: Prudential
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Uni.Asia Life found new buyers 

Insurance News

  -  August 15, 2013
Another acquisition in the making. The Prudential Insurance Company of America and BSN have teamed up (70:30 JV) to acquire Uni.Asia Life for RM518 mil. The application has been submitted to Minister of Finance for approval. It is interesting to note that post acquisition, BSN will be working with both UK and US Prudential in 2 different companies (PruBSN Takaful and Uni.Asia Life).
Bank Simpanan-Prudential JV eyes Uni.Asia Life in RM518m deal - The Star KUALA LUMPUR: Bank Simpanan Nasional (BSN) and The Prudential Insurance Company of America have teamed up to look into the acquisition of the 100% stake in Uni.Asia Life Assurance Bhd for RM518mil.

 

Posted by Loo Hai Thursday, August 15, 2013 8:52:00 PM Categories: BSN Merger PruBSN Prudential Uni.Asia
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Prudential appoints Gan Leong Hin CFO 

Insurance News

  -  May 9, 2013
Gan Leong Hin has been appointed the new CFO of Prudential.
Gan Leong Hin is PAMB’s new CFO - KiniBiz Prudential Assurance Malaysia Bhd (PAMB) announced the appointment of Gan Leong Hin as its new Chief Financial Officer (CFO).

 

Posted by Loo Hai Thursday, May 9, 2013 9:23:00 PM Categories: Executive Movement Prudential
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Prudential appoints new chief agency officer 

Insurance News

  -  Jan 28, 2013
Prudential has appointed Chai Koh Min as its new chief agency officer effective 7 January 2013. Chai was previously with ING.
Prudential's new chief agency officer - Business TimesKUALA LUMPUR: Prudential Assurance Malaysia Bhd (PAMB) has appointed Chai Koh Min as its new chief agency officer effective January 7, 2013.

 

Posted by Loo Hai Monday, January 28, 2013 6:08:00 PM Categories: Executive Movement Prudential
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MCIS Zurich appoints new CEO 

Insurance News

  -  Jan 11, 2013
MCIS Zurich has appointed Kevin Jones as its new CEO. Kevin takes over from Md Adnan Md Zain who retired last year. Kevin brings with him years of experience in insurance, including more than 10 years experience in South East Asia. He previously worked in Prudential, AIG, Aviva and was the CEO of CIMB Aviva for over 2 years.

Source: MCIS Zurich's website

 

Posted by Loo Hai Friday, January 11, 2013 10:45:00 AM Categories: AIG Aviva CIMB Executive Movement MCIS Zurich Prudential
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Prudential aims to hit above RM1 bil mark again 

Insurance News

  -  Dec 20, 2012
Prudential registered RM721 mil insurance and takaful annual premium/contribution equivalent in the 1st 9 months of 2012. It is confident that it can surpass last year's figure of RM1,107 mil by end of this month. Prudential recruited 3,800 new agents this year and has 14,000 agents nationwide with Bumiputera agents making up 66% of its agency force.
Prudential upbeat on RM1b new premiums - Business Times KUALA LUMPUR: Prudential Assurance Malaysia Bhd is optimistic of chalking up more than RM1 billion in annual premium equivalent from new businesses by year-end.

 

Posted by Loo Hai Thursday, December 20, 2012 8:48:00 PM Categories: Prudential
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