Uni.Asia General has been rebranded as Liberty Insurance following acquisition of 87% stake by Liberty Seguros. The company is targeting the motor insurance business given its current market share of only 5% in the sector. http://j.mp/TAS1500609a
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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).
Thursday, August 15, 2013 8:52:00 PM