December 20, 2021
Severe weather disruptions hit Malaysia and the Philippines, leaving a trail of destruction among nations most prone to natural disasters. Typhoon Rai, a super typhoon before slamming into the Philippines on Thursday, left 208 dead along its path. More than …
December 8, 2021
Howden, the London-based international insurance broker, announced that further to its merger with Malene Insurance Brokers in February 2019, Malene will operate as Howden Takaful Brokers, a fully dedicated Takaful specialist. Howden Takaful Brokers’ team of 30 specialists offers bespoke …
July 19, 2021
Boston-based Liberty Mutual Insurance said it will be applying for regulatory approval to acquire Malaysian property/casualty insurer AmGeneral Insurance Berhad, which is currently 51%-owned by AmBank Group and 49%-owned by Insurance Australia Group (IAG). Subject to regulatory approvals, Liberty Mutual’s …
June 22, 2021
MILAN/PARIS/KUALA LUMPUR – Italy’s top insurer Generali has agreed to buy AXA’s insurance assets in Malaysia and take full ownership of a joint-venture it runs in the country to strengthen its local presence. The deals will turn Generali into the …
April 15, 2020
The owners of AmGeneral Insurance Bhd., Malaysia’s second-biggest auto insurer, have restarted a sale process and are seeking as much as $1 billion for the company, people with knowledge of the matter said. Kuala Lumpur-listed AMMB Holdings Bhd. and Insurance …
March 16, 2020
A fire killed five people at an oil refining complex in southern Malaysia owned by Petronas and Saudi Aramco, forcing the closure of the facility that was set to begin full commercial operations this year. It was the second fire …
February 18, 2020
Singapore’s Great Eastern Holdings Ltd. and Assicurazioni Generali SpA are among potential bidders for the life and general insurance businesses in Malaysia that AXA SA and Affin Bank Bhd. own, according to people familiar with the matter. Great Eastern, which …
January 6, 2020
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has purchased a minority stake in Malaysian broker SP&G Insurance Brokers Sdn Bhd. Terms of the transaction were not disclosed. SP&G is a multi-discipline commercial insurance broker specializing …
September 27, 2019
James Ng has been promoted to general manager and principle officer for Munich Re Syndicate Labuan Ltd. (MRSLab). Based in Kuala Lumpur, Malaysia, Ng will have overall responsibilities for the Labuan operations and its business activities and will report to …
September 6, 2019
French insurer AXA SA and Affin Bank Bhd. are exploring options including a potential sale of their life and general insurance business in Malaysia that could fetch about $650 million, according to people with knowledge of the matter. Kuala Lumpur-based …