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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.

HLMT to have a new CEO 

Insurance News

  -  June 27, 2013
Wan Mohd Fadzlullah Wan Abdullah is slated to replace Mohd Fauzi Yaakub as the CEO of HLMT, according to one source.  Apparently, Wan Mohd Fadzlullah resigned from his EVP position with Takaful Ikhlas on 19/6/2013.
Wan Mohd Fadzlullah tipped for HLMT top job - The Sun Daily PETALING JAYA (June 27, 2013): Wan Mohd Fadzlullah Wan Abdullah, former executive vice-president of Takaful Ikhlas Sdn Bhd, is tipped to take over the helm at Hong Leong MSIG Takaful Bhd (HLMT), say sources.


Posted by Loo Hai Thursday, June 27, 2013 7:27:00 PM Categories: Executive Movement Hong Leong MSIG
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HLMT not selling general takaful business 

Insurance News

  -  June 26, 2013
HLMT has clarified that they are not selling their general takaful business.
Hong Leong MSIG Takaful not selling general insurance biz - The Sun Daily PETALING JAYA (June 25, 2013): Hong Leong MSIG Takaful Bhd (HLMT) said it has no plans to sell its general insurance business.


Posted by Loo Hai Wednesday, June 26, 2013 11:00:00 AM Categories: Hong Leong MSIG Strategy
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General takaful licences up for grabs? 

Insurance News

  -  June 24, 2013
HSBC Amanah Takaful, PruBSN, HLMT and maybe even CIMB Aviva Takaful are considering disposing their general takaful business, given that under IFSA their family and general takaful businesses are to be separated into 2 legal entities with minimum capital of RM100 mil each. The small size of their general takaful business means that injection of new capital is hardly sensible from commercial point of view.
Takaful companies plan to dispose general biz - The Sun Daily PETALING JAYA (June 24, 2013): At least three Islamic insurers are considering disposing their general takaful business ahead of the Islamic Financial Services Act 2013 (IFSA), which comes into force next month.


Posted by Loo Hai Monday, June 24, 2013 6:39:00 PM Categories: Aviva CIMB FSA Hong Leong MSIG HSBC Amanah Takaful Merger PruBSN Takaful
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