Generali, Great Eastern Weigh Bids for Malaysia Insurers, Part Owned by AXA: Sources February 18, 2020 By Elffie Chew, Manuel Baigorri and Vinicy Chan Singapore’s Great Eastern Holdings Ltd. and Assicurazioni Generali SpA are among potential bidders for the life and general insurance businesses...
Arthur J. Gallagher & Co. Acquires Minority Stake in Malaysia’s SP&G Insurance Brokers January 6, 2020 Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has purchased a minority stake in Malaysian broker...
Munich Re Syndicate Labuan Promotes Ng to General Manager and Principle Officer September 27, 2019 James Ng has been promoted to general manager and principle officer for Munich Re Syndicate Labuan Ltd. (MRSLab). Based in...
AXA, Affin Bank Weigh Possible Sale of Malaysian Insurance Business September 6, 2019 By Elffie Chew and Manuel Baigorri French insurer AXA SA and Affin Bank Bhd. are exploring options including a potential sale of their life and general...
Allianz Enters Formal Negotiations to Buy Malaysia Car Insurer: Sources January 29, 2019 By Joyce Koh, Elffie Chew and Manuel Baigorri Allianz Malaysia Bhd. has been chosen to progress in talks to acquire Malaysia’s second-biggest car insurer after edging out Japanese...
Hong Kong’s FWD to Buy HSBC’s Stake in Malaysia Insurance Joint Venture: Sources August 28, 2018 By Sumeet Chatterjee and Liz Lee Hong Kong-based insurer FWD Group has agreed to buy HSBC Holdings Plc’s stake in a Malaysian insurance joint venture as...
Malaysia Expected to Give Foreign Insurers More Time to Cut Local Stakes: Sources June 28, 2018 By Elffie Chew Malaysia’s central bank is considering granting extensions to some foreign insurers to give them more time to trim stakes in...
Malaysia Likely to Review Rules Requiring Cut in Foreign Insurance Ownership: Sources June 12, 2018 By Sumeet Chatterjee and Anshuman Daga Malaysia is likely to review a directive to foreign insurers to reduce ownership of their local units by nearly a...
QBE Appoints Chubb’s Kurinsky as Malaysia CEO August 11, 2017 QBE has appointed Chris Kurinsky as chief executive officer, QBE Insurance (Malaysia) Berhad. In this role, Kurinsky will be responsible...
Malaysia Eyes Tougher Enforcement of Cap on Foreign Ownership: Sources April 13, 2017 By Elffie Chew Malaysia is weighing tougher enforcement of a cap on foreign ownership of insurers as it seeks to boost local participation...