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Alliance's pull out facilitates merger of AIA AFG and ING PUBLIC Takaful Ehsan 

Insurance News

  -  Mar 12, 2013
Alliance Financial Group is pulling out from the AIA AFG Takaful joint venture by selling its 30% stake to AIA for RM45 mil. The sale of the stake is expected to path the way for the merger of AIA AFG with ING PUBLIC Takaful Ehsan. Public Bank owns a stake in the latter and it could be too complicated to merge the 2 entities if Alliance continues to hold equities in AIA AFG Takaful.
AIA to wholly own takaful unit - The Edge KUALA LUMPUR: ALLIANCE FINANCIAL GROUP BHD [] (AFG) is divesting its 30% equity interest in AIA AFG Takaful Bhd to American International Assurance Bhd (AIA Malaysia) for RM45 million.

 

Posted by Loo Hai Tuesday, March 12, 2013 10:36:00 PM Categories: AIA AIA AFG ING Public Takaful Merger
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EB business main contributor to ING Public Takaful's top line 

Insurance News

  -  Dec 13, 2012
ING Public Takaful derives 60% of its business from Employee Benefits. The company expects its gross contributions to grow to RM80 mil this year from RM50 mil achieved last year. http://bit.ly/TAS1213b
ING Public Takaful upbeat KUALA LUMPUR: ING Public Takaful Ehsan Bhd expects its gross contributions to rise by 20 per cent this year to RM80 million from RM50 million last year, said its top executive.

 

Posted by Loo Hai Thursday, December 13, 2012 2:41:00 PM Categories: ING Public Takaful
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