Country: Malaysia Page 14 / 23
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- September 3 2018
Malaysia eyes 4% insurance penetration in two years
Sales are healthy among the rich, but the goal is to increase protection among rural and poorer populations.
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- August 30 2018
FWD to buy HSBC stake in Malaysian insurer
The Hong Kong-based insurer will buy a 49% stake in HSBC Amanah Takaful in Malaysia.
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- August 24 2018
Malaysia eases pressure on foreign insurers
The country’s new central bank governor has said she will adopt a more flexible approach to divestment.
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- August 22 2018
Khazanah sells Turkish insurer to Bupa
The Malaysian sovereign wealth fund has sold Acibadem Sigorta for an undisclosed amount.
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- August 21 2018
Malaysia loosens divestment rule for foreign insurers
The central bank has said the deadline for compliance will be decided on a bilateral basis.
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- August 17 2018
Etiqa Takaful seeks to expand further into Asean
The move aims to boost its takaful and general insurance brand within the region.
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- August 3 2018
Labuan IBFC eyes further growth in captive business
The centre has already approved another four captives this year, compared to six in the last financial year.
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- July 3 2018
McLarens expands in Asia with Malaysian office
Veknesh Subramaniam will head the new Malaysian operation and assumes the title of general manager.
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- July 3 2018
Malaysian insurers look for support from new government
The country’s life insurers are hopeful that the industry will continue to be supported.
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- July 2 2018
Foreign divestments in Malaysia at advanced stage
Foreign insurance companies technically had until June 30 to comply with the foreign ownership cap.
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- June 22 2018
AIA names three new executives for Malaysian unit
Andrew Loh (CMO), Heng Zee Wang (CFO) and Eric Chang (CEO) take up the new senior roles.
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- June 14 2018
Malaysia to further review ownership rules for foreign insurers
The review may result in the country's central bank deferring the requirement to cut ownership to 70%.
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- June 4 2018
Takaful Malaysia converts its composite licence to allow split
The company is splitting into two entities, one focused on family takaful and one on general takaful.
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- May 30 2018
Allianz Malaysia net profit up nearly 30%
The increase was attributed to higher premiums from the motor business on the general insurance side.
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- May 28 2018
Malaysian Re partners with Argo Managing Agency
The partnership is strategic in nature and a key component of Malaysian Re's business transformation 2020.
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- May 18 2018
Does Mahathir herald change?
Malaysia’s foreign-controlled insurers are watching the new government for signs of change.
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- May 18 2018
Malaysian insurtech startup Jirnexu raises US$11m funding
The KL-based online financial services provider has secured additional investment from SIG Asia Investment.
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- May 15 2018
Pru asks KWAP to improve its offer for stake in Malaysia unit
The retirement fund's bidding price for the 30% stake was short of the UK-based insurer's expectations.
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- May 8 2018
Malaysian Re licences AIR catastrophe modelling platform
The company is deploying the solution to support its reinsurance operations for a broad range of risk management solutions.
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- April 30 2018
Zurich discussing US$100m IPO of Malaysian life unit
The Swiss insurer may opt to comply with 30% local ownership rule through an initial public offering.
