Sunday, April 22, 2018

Malaysia

Hong Leong MSIG Takaful appoints new CEO

Hong Leong MSIG Takaful appoints new CEO

The Malaysian takaful firm has named Modh Asri Omar as its new chief executive officer.

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Takaful outpaces conventional insurance in Malaysia

Takaful outpaces conventional insurance in Malaysia

Family and general takaful in the country grew by 7.5% and 5.9%, respectively, in the first half of 2017.

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Great Eastern may shed stake in Malaysian operations

Great Eastern may shed stake in Malaysian operations

The insurer is reported to be in talks with Malaysian banks regarding the possible sale.

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Maybank’s Etiqa names four new CEOs

Maybank’s Etiqa names four new CEOs

The new executives will lead each of the four new entities generated by the split of the insurer.

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ACR appoints new Malaysia CEO

ACR appoints new Malaysia CEO

Asia Capital Re has appointed Hue Yann Wei as chief executive of its Malaysia subsidiary.

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Malaysia, Thailand sign insurance deal

Malaysia, Thailand sign insurance deal

Bank Negara Malaysia and Thailand’s Office of Insurance Commission have signed an MoU.

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Malaysia’s AmBank eyes sale of insurance unit

Malaysia’s AmBank eyes sale of insurance unit

The lender is aiming to offload some of its non-core businesses and focus on its primary operations.

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FRS opens in Hong Kong and Malaysia

FRS opens in Hong Kong and Malaysia

Financial Risk Solutions’ two new offices are in Menara Darussalam in Kuala Lumpur and ICC in Hong Kong.

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Insurance sector in Malaysia welcomes new deputy governor

Insurance sector in Malaysia welcomes new deputy governor

Jessica Chew is set to step in starting January next year as Sukudhew Singh is relinquishing his post after 31 years.

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Jirnexu set to operate in Malaysia

Jirnexu set to operate in Malaysia

The South-East Asian fintech company has been approved to compare, sell, process payments and issue e-policies.

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Swiss Re Corporate Solutions appoints new SE Asia head

Swiss Re Corporate Solutions appoints new SE Asia head

Didier Belot replaces Jonathan Rake and will be responsible for building commercial insurance programmes in the region.

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Insurers in Malaysia target local capital

Insurers in Malaysia target local capital

Global insurers are aiming to comply with the June 2018 deadline to achieve a 30% local shareholding.

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Insurance, takaful remain unpopular in Malaysia

Insurance, takaful remain unpopular in Malaysia

The country’s central bank governor urged the industry to focus on the underserved segment of the market.

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Malaysia warns insurers against raising motor premiums

Malaysia warns insurers against raising motor premiums

Any increase above 10% after tariff liberalisation will require the approval of the Bank of Negara Malaysia.

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Takaful market continues to enjoy growth

Takaful market continues to enjoy growth

Data gathered by Kenanga Research show the family sector grew 5% in September, while the general sector grew 9%.

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Two Malaysian pension funds eye stakes in insurers

Two Malaysian pension funds eye stakes in insurers

The country’s two biggest pension funds are considering buying into one of the locally incorporated foreign-owned insurers.

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Etiqa completes acquisition of Indonesian insurer

Etiqa completes acquisition of Indonesian insurer

Maybank’s wholly-owned insurance arm has completed its acquisition of Asuransi Asoka Mas for US$15.35m.

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Foreign insurers rush to meet Malaysia ownership cap

Foreign insurers rush to meet Malaysia ownership cap

Bank Negara Malaysia wants foreign ownership in local insurance companies to be capped at 70% by June 2018.

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