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.

Sale of MAA Takaful to Zurich pending BNM's approval 

MAA Group Bhd and Solidarity Group have jointly applied to BNM for approval of the sale of MAA Takaful to Zurich. http://j.mp/TAS151201a

Tuesday, December 1, 2015 9:20:00 AM Categories: MAA Merger Zurich
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Tune Ins not acquiring PT Asuransi Staco Mandiri 

Tune Ins has terminated the conditional binding offer for the acquisition of PT Asuransi Staco Mandiri. http://j.mp/TAS150827c

Thursday, August 27, 2015 6:46:00 PM Categories: Merger Tune
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STMB to acquire takaful company before 2018 

STMB is looking to acquire a local takaful company before the 2018 deadline of separation of life and general insurance businesses. http://j.mp/TAS1500513b

Wednesday, May 13, 2015 11:10:00 PM Categories: Merger STMB
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Fitch predicts more M&A activities 

Fitch Ratings predicts more M&A activities in Malaysia's insurance industry in the near term, fueled by attractive growth prospects and intensified market competition. The GI underwriting performance is expected to remain steady due to favourable margins in fire and non-motor classes. GST is not expected to adversely affect the industry's performance. http://j.mp/TAS150420c

Monday, April 20, 2015 6:16:00 PM Categories: Merger Ratings
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RHB Insurance will see new owners? 

Following the group corporate restructuring of RHB, it is speculated that RHB Insurance may be disposed of or with a strategic partner brought into the picture. RHB Capital's spokeperson however denied that such a move has been planned. http://j.mp/TAS150417a

Friday, April 17, 2015 7:00:00 PM Categories: Merger RHB
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CIMB Insurance Brokers sold 

CIMB has sold its 49% stake in CIMB Insurance Brokers Sdn Bhd to HBG Asia Holdings. http://bit.ly/TAS150108a

Thursday, January 8, 2015 8:42:00 PM Categories: Merger
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Generali buying Multi-Purpose 

RM355.8 mil for 49% stake

Generali Asia N.V. is buying 49% stake in Multi-Purpose Insurans Bhd for RM355.8 mil. The deal also entails a call and put option. The transactions are expected to be completed by early 2015 and the name of the insurer will change to MPI Generali Insurans Bhd. http://bit.ly/TAS141219a

Friday, December 19, 2014 9:13:00 PM Categories: Merger Multi-Purpose
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