Country: Malaysia Page 15 / 23
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- April 24 2018
Malaysia’s KWAP set to close insurance acquisition
The retirement fund's chief executive said the fund is currently talking with two foreign insurers.
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- April 20 2018
Malaysia first
Foreign insurers have until the end of June to cut their ownership to 70%, but local buyers are scarce.
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- April 20 2018
Maybank eyes listing of its insurance arm Etiqa
The rumoured sale is estimated by some analysts to be worth at least US$1 billion but remains unconfirmed.
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- April 17 2018
Maybank bullish on Etiqa’s future
The insurance and takaful arm of Maybank is expected to see a boost as a result of increasing interest rates.
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- April 17 2018
No alternatives, Malaysia tells foreign insurers
They will have to fulfil their commitment to sell 30% of their operations to local shareholders by June 30.
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- April 13 2018
Cathay Life’s move on Bank of Nova Scotia’s Malaysian unit fails
The Taiwanese financial group did not give details on why the deal fell through, but said it wasn't about price.
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- April 4 2018
AIA chief becomes first female president of LIAM
Anusha Thavarajah will be the first woman elected president in the association's 44-year history.
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- March 27 2018
Malaysia to revise takaful framework
The new approach aims to create an environment that fosters innovation, according to the central bank.
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- March 27 2018
Foreign majors seek ownership rule review in Malaysia
AIA, Great Eastern, Prudential and Tokio Marine say they are struggling to find suitable local partners.
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- March 22 2018
Etiqa reports record profits for 2017
The Malaysian insurer said its pre-tax earnings reached a record US$280m, up 18.5% from 2016.
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- March 9 2018
Prudential’s Malaysian unit eyes stake sale
The sale of a 30% stake to Kumpulan Wang Persaraan could generate proceeds of about US$435m.
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- March 2 2018
Is the end nigh for retakaful?
The small and fragmented market is struggling to compete with competition from conventional players.
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- February 28 2018
Malaysia’s general insurance, takaful to stay flat in 2018
Competitive pressures, tariff liberalisation and weak consumer sentiment are all affecting the industry.
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- February 19 2018
Khazanah unit to sell its Turkish insurance business
The Malaysian sovereign wealth fund is seeking to dispose of Istanbul-based Acibadem Sigorta.
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- February 15 2018
IAG sees ‘limited’ Asia opportunities
The Australian group is conducting a strategic review of its US$630m investment in the region.
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- February 6 2018
Great Eastern may sell minority stake in Malaysian unit
Malaysia’s largest pension fund, Employees Provident Fund, is reportedly in talks to buy the US$1bn stake.
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- February 5 2018
Axa to open shared service centers in Manila, Kuala Lumpur
Company officials say the new centres will become information technology hubs for Japan and the rest of Asia.
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- January 25 2018
Malaysia’s Great Eastern Takaful appoints new CEO
Shahrul Azlan Shahriman, former Prudential BSN Takaful head of distribution, took up the job on Monday.
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- January 16 2018
Fintech start-up Jirnexu banks on insurance as growth driver
The South-East Asian financial technology startup has said that insurance will account for up to 30% of its growth.
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- January 14 2018
Hong Leong MSIG Takaful appoints new CEO
The Malaysian takaful firm has named Modh Asri Omar as its new chief executive officer.
