KUALA LUMPUR: Alliance Financial Group Bhd’s subsidiary Alliance Bank Malaysia Bhd has entered into an agreement with American International Assurance Bhd (AIA) to set up a joint-venture company, AIA AFG Takaful Bhd.
November 19, 2010
November 19, 2010
Insurance News The ING Takaful JV aims to be profitable in year 4 of operations; Great Eastern Takaful also previously set the same target. The ING JV aims to launch its first product in April 2011 and eventually will expand into Indonesia and Hong Kong.

November 18, 2010
Insurance News M&A of insurance companies often fails due to disagreement on price. Traditional valuation methods such as price earnings ratio and net asset value are not appropriate. Some recent failed M&As include P&O with Prudential, Tahan with Tokio Marine, Shriram, Fairfax and Allianz, Prudential with AIA.
PETALING JAYA: The stake sale or takeover negotiations among insurance companies often come to nought as both parties are unable to agree on a price.
November 17, 2010
November 17, 2010
Insurance News BNM has approved the sale of Pacific Insurance to Fairfax Asia. The details of the sale including the price has yet to be announced.
PACIFICMAS Bhd said it has got the approval from the Minister of Finance through Bank Negara Malaysia to dispose its entire stake in The Pacific Insurance Bhd to Fairfax Asia Ltd.
November 17, 2010
November 17, 2010
Insurance News For insurance companies with both conventional and takaful licences, should they use the same agency to sell both products or should they have separate agency channels? Companies like Great Eastern, Prudential and AIA seem to prefer one agency while MAA prefers separate agencies. It is not clear which way ING will go.
November 16, 2010
Insurance News Nor Shamsiah will replace Dato' Zamani as the new Deputy Governor.

November 15, 2010