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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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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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Multi-Purpose Insurans may see change in owner 

Insurance News

  -  May 16, 2014
MPHB's controlling stake in Multi-Purpose Insurans may be divested to a yet undisclosed party. BNM issued the no-objection notice yesterday for such negotiations to take place.  http://bit.ly/TAS140516a 

 

Posted by Loo Hai Friday, May 16, 2014 7:24:00 PM Categories: Merger Multi-Purpose
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