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.

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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Ikhlas launches "On The Go" campaign 

Takaful Ikhlas has launched an "On The Go" promotional campaign which will last the whole of December. The campaign is designed to demystify takaful as a Muslim-Malay centric product. http://bit.ly/TAS141204a

Thursday, December 4, 2014 10:06:00 PM Categories: Ikhlas
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GE Takaful to distribute through Bank Muamalat 

Great Eastern Takaful has signed a bancatakaful agreement with Bank Muamalat. Products available through the channel include 3 credit-related takaful products, i-Great Bakti and M-Tiara Hajj. http://bit.ly/TAS141119a

Wednesday, November 19, 2014 9:59:00 PM Categories: Bancassurance Great Eastern
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AmMetLife launches WealthSecureMax 

AmMetLife has launched a bancassurance protection product with refund of premiums at maturity. The product named WealthSecureMax provides protection of 6 times the initial sum assured. Entry age ranges from 30 days to 55 years. http://bit.ly/TAS141107b

Friday, November 7, 2014 5:08:00 PM Categories: AmMetLife Product
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BNM appoints two new Assistant Governors 

BNM has appointed 2 new Assistant Governors: i) Shaik Abdul Rasheed bin Abdul Ghaffour; ii) Ahmad Hizzad bin Baharuddin. http://bit.ly/TAS141107a

Friday, November 7, 2014 4:39:00 PM Categories: BNM
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Indonesia insurers to spin off takaful windows within 10 years 

The new law that came into effect last month in Indonesia requires insurers to spin off their takaful windows within 10 years. There were 5 full-fledged takaful operators and 37 takaful windows in Indonesia as of Dec 2012. http://goo.gl/zxP3TH

Tuesday, November 4, 2014 9:21:00 PM Categories: Takaful
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Tune Ins appoints new CEO 

Junior N. Cho has been appointed as the new CEO for Tune Ins Holdings Bhd. http://goo.gl/SBghhy

Monday, November 3, 2014 8:39:00 PM Categories: Executive Movement Tune
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