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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. 

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Uni.Asia General rebranded Liberty Insurance 

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

Tuesday, June 9, 2015 9:10:00 PM Categories: Liberty Uni.Asia
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Uni.Asia General acquired by Liberty Seguros 

Insurance News

  -  July 16, 2014
Uni.Asia Capital has signed an S&P with Spain's Liberty Seguros for the former to dispose 68.1% stake in Uni.Asia General to the latter. The stake is valued at RM374.52 mil.  http://bit.ly/TAS140716a 

 

Posted by Loo Hai Wednesday, July 16, 2014 9:11:00 PM Categories: Merger Uni.Asia
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Uni.Asia Life is now Gibraltar BSN Life 

Insurance News

  -  April 29, 2014
Uni.Asia Life has been rebranded to Gibraltar BSN Life following the joint venture between Prudential Insurance Company of America (70%) and BSN (30%).  http://bit.ly/TAS140429a 

 

Posted by Loo Hai Tuesday, April 29, 2014 9:41:00 PM Categories: Gibraltar BSN Uni.Asia
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Liberty Mutual to acquire Uni.Asia General 

Insurance News

  -  February 19, 2014
The Boston-based Liberty Mutual is acquiring 68.09% stake in Uni.Asia General. The transaction is subject to regulatory approval and is expected to complete by mid-July 2014. Liberty Mutual is the 3rd largest P&C insurer in US. http://bit.ly/TAS140219d

 

Posted by Loo Hai Wednesday, February 19, 2014 9:18:00 PM Categories: Merger Uni.Asia
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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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