Thursday, November 23, 2017

Malaysia

Malaysia’s AmMetLife Takaful names new CEO

Malaysia’s AmMetLife Takaful names new CEO

Mohamad Salihuddin Ahmad tasked with enhancing the group’s takaful value proposition to customers.

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Takaful Malaysia confirms small exposure in troubled 1MDB

Takaful Malaysia confirms small exposure in troubled 1MDB

Invested in the troubled state-owned 1Malaysia Development Berhad (1MDB) via an Islamic Bond in 2009.

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Malaysia’s AIA names first woman CEO

Malaysia’s AIA names first woman CEO

Anusha Thavarajah to be named as new CEO, taking over from Bill Lisle.

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Bank Negara Malaysia inks IAIS exchange agreement

Bank Negara Malaysia inks IAIS exchange agreement

BNS Governor Dr. Zeti Akhtar Aziz confirmed the development in a statement.

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Generali Asia enters Malaysia after acquiring stake in local insurer

Generali Asia enters Malaysia after acquiring stake in local insurer

Acquisition marks Generali’s entry into the Malaysian non-life market.

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Malaysia’s first Internet insurance platform launched

Malaysia’s first Internet insurance platform launched

Company is confident that the online insurance platform will help increase the life insurance penetration rate in Malaysia.

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Malaysia’s Tune Ins to buy controlling stake in Indonesian insurer

Malaysia’s Tune Ins to buy controlling stake in Indonesian insurer

Acquisition in line to expand insurance business to other markets in Southeast Asia.

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Maybank Ageas seeks to acquire insurance firms in Indonesia, Philippines

Maybank Ageas seeks to acquire insurance firms in Indonesia, Philippines

Discussions have been taking place with a number of parties for possible acquisitions.

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Bank Negara approves Malaysian Re’s general and family retakaful business

Bank Negara approves Malaysian Re’s general and family retakaful business

Plans to undertake an internal restructuring for its retakaful business.

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Malaysia’s growing insurance industry to drive M&A

Malaysia’s growing insurance industry to drive M&A

Under-capitalized insurers and takaful operators could be expected to seek strategic investors or alternative capital.

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Lloyd’s of London eyes Islamic insurance market

Lloyd’s of London eyes Islamic insurance market

Malaysia, Saudi Arabia and United Arab Emirates targeted for takaful.

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Malaysia, Saudi Arabia to lead premium growth of global takaful sector

A report by AM Best sees significant opportunities for takaful operators but challenges remain.

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Malaysia’s life insurance industry to grow up to 10% in 2015

Malaysia’s life insurance industry to grow up to 10% in 2015

Government has set a target of at least 75% of insurance coverage for Malaysians by 2020.

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Zainudin Ishak, Malaysian Re

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