January 29, 2019
Allianz Malaysia Bhd. has been chosen to progress in talks to acquire Malaysia’s second-biggest car insurer after edging out Japanese rival Mitsui Sumitomo Insurance Co., people with knowledge of the matter said. AmGeneral Insurance Bhd.’s owners have decided to enter …
August 28, 2018
Hong Kong-based insurer FWD Group has agreed to buy HSBC Holdings Plc’s stake in a Malaysian insurance joint venture as part of a plan to expand its presence in Asia, three people familiar with the matter said. FWD, owned by …
June 28, 2018
Malaysia’s central bank is considering granting extensions to some foreign insurers to give them more time to trim stakes in their local ventures, people with knowledge of the matter said. Foreign insurers are expected to be given additional time to …
June 12, 2018
Malaysia is likely to review a directive to foreign insurers to reduce ownership of their local units by nearly a third as finding domestic buyers for the equity stakes is proving hard, three people familiar with the matter said. The …
August 11, 2017
QBE has appointed Chris Kurinsky as chief executive officer, QBE Insurance (Malaysia) Berhad. In this role, Kurinsky will be responsible for QBE’s business across Malaysia. He will continue to drive the profitable growth in the country and increase the company’s …
April 13, 2017
Malaysia is weighing tougher enforcement of a cap on foreign ownership of insurers as it seeks to boost local participation in the industry, people with knowledge of the matter said. The central bank is considering more strictly applying an existing …
January 17, 2017
Warren Buffett’s Berkshire Hathaway has won a license to provide reinsurance services in Malaysia, the billionaire investor’s group said, as it expands operations in Asia. Berkshire Hathaway Specialty Insurance Co. (BHSI) said in a statement it has established an office …
September 21, 2016
JLT Re, the London-based reinsurance broker and consultant, announced the appointment of Jonathan (Jo) Garnett as managing director, Malaysia, subject to regulatory approvals. Garnett will be based in JLT Re’s Kuala Lumpur office and will report to Stuart Beatty, CEO, …
August 30, 2016
Tokio Marine Holdings Inc, is in exclusive talks to buy RHB Bank’s general insurance unit in a deal that also includes an agreement to distribute the Japanese insurer’s products through the Malaysian lender, people familiar with the matter told Reuters. …
June 30, 2016
Zurich Insurance Co. Ltd., a subsidiary of Zurich Insurance Group, has completed the acquisition of MAA Takaful Berhad (MAAT), a leading provider of Takaful products in Malaysia, from MAA Group Berhad and Solidarity Group Holding BSC. The combination of MAAT’s …