Country: Malaysia Page 1 / 23
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- January 3 2025
Labuan Re names Zaid Aziz Ibrahim as officer in charge following CEO exit
Kuala Lumpur-based Ibrahim currently serves as the chief underwriting officer and has been with the company since 2020.
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- December 18 2024
Economy recovery, rate hikes and regulatory reforms to benefit Malaysian insurers: AM Best
The global rating agency has maintained a stable outlook on the country's non-life insurance segment.
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- December 17 2024
Bolttech strengthens Asia leadership team
Insurtech appoints Andrew Cons as general manager for Indonesia and Mohamad Azhar Bin Jamal Mohamad as general manager for Malaysia, while also promoting Akiko Anzai as general manager for Japan.
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- December 13 2024
Tune Protect Re to post moderate underwriting growth going forward: AM Best
The rating agency upgrades TPR’s rating to “bbb+” (good) from “bbb” (good), revises long-term outlook to stable from positive.
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- December 12 2024
Public Bank’s takeover of Lonpac parent will have neutral impact: AM Best
The bank completed the acquisition of a 44.15% stake in the Malaysian insurer’s owner LPI Capital on December 5, becoming its largest shareholder.
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- December 10 2024
Exclusive: Sedgwick Malaysia TPA lead Erwin Yu leaves following regional leadership rejig
Yu, who joined the loss adjuster in March this year, has left his role of director, service hub, third party administration after the departure of Asia CEO Veronica Grigg.
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- December 10 2024
Malaysian Re to maintain stability in underwriting performance: Fitch
The rating agency has affirmed the rating at 'A' (strong) with a stable outlook for the reinsurer citing its ability to manage potential volatility and earnings dependence on local voluntary cessions.
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- December 5 2024
Malaysia’s floods trigger surge in home and commercial property claims
The event has also led to significant agricultural and infrastructure losses estimated at US$224m and affected hundreds of thousands of households.
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- November 28 2024
Malaysian Re’s focus on volatility of non-voluntary cession, overseas businesses key to underwriting performance stability: Fitch
The rating agency affirmed Malaysian Re’s insurer financial strength rating at 'A' (strong) with a stable outlook, reflecting its 'moderate' company profile and 'very strong' capitalisation.
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- November 15 2024
Hannover Re Malaysia to axe about 30 roles in data and technology, special project teams
The reinsurer told IAN that it has decided that a "very limited number of non-underwriting jobs are no longer required" and is working with the affected colleagues on all possible alternatives.
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- November 6 2024
Charles Taylor announces 20% increase in Malaysia workforce, additional branch network plans
The loss adjustor aims to strengthen its offering in property, liability, construction and engineering, and motor lines across the Malaysia branch network with offices in Penang, Perak, Pahang, Melaka, Johor, Sabah and Sarawak.
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- October 23 2024
HDI Global’s ART unit eyes Asia expansion under new leadership
The carrier’s specialist unit HDI Enablers is looking to expand into Malaysia following the appointment of Eric Joly-Pottuz as head.
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- October 22 2024
FWD Group reshuffles Malaysia leadership, promotes Aman Chowla to CEO of takaful
Mak See Sen will replace Chowla's previous role as CEO of FWD Insurance, effective November 18.
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- October 21 2024
Chubb names Jon Longmore as country president of Malaysia
Longmore succeeds Stephen Crouch, who will take on the role head of government affairs for Asia Pacific.
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- October 7 2024
MNK Group launches reinsurer in Labuan, appoints CEO
The London-based insurance group's new Asia-focused carrier, to be called Mekong Re, will see Rajguru K taking the helm as chief executive.
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- October 1 2024
Crawford Malaysia names Mohammad Aminuddin as head of Pahang branch
The loss adjuster has also brought in Nazirul Jabri Bin Roslee as senior adjuster as it looks to strengthen its capabilities ahead of the monsoon season.
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- September 27 2024
Q&A: Sustainability considerations a key theme for Asean carriers, says Malaysian Re’s Azhari
The Malaysian reinsurer’s president and CEO Ahmad Noor Azhari lays out the regional insurance landscape and charts the carrier’s strategic ambitions in an exclusive chat with IAN.
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- September 3 2024
Port congestion cover demand surges as geopolitical tensions lead to Asian terminals overload
As Red Sea attacks continue, the blockages in Singapore and Malaysia’s Port Klang and Tanjung Pelepas has led to supply chain disruptions, with nat cats making the regional risk landscape more complex.
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- August 28 2024
Tune Protect H1 2024 insurance revenue drops 15.2% to US$43.7m
Its COR deteriorated to 107.5% versus 95.4% in H1 2023 due to the higher net incurred claims and attributable expenses.
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- August 22 2024
Crawford Malaysia names Kuppusamy as personal accident, fraud investigation team head
Murugan Kuppusamy brings 15 years of experience across personal accident, bodily injury, investigations, fraud detection, theft and motor claims to the team.
