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Thursday, 31 March 2011

News Posts 20110321-20112037

Insurance News Press article on the dilemma faced by motor insurers and car owners and the proposed new framework to solve the problem.
MOTOR insurance premiums and the scope of coverage under motor insurance policies are determined by the Malaysian motor tariff.
March 24, 2011

Insurance News STMB won the BrandLaureate Award for Best Brands in Financial Services - Insurance Takaful. It will also launch a new product mySME on April 5.
SYARIKAT Takaful Malaysia Bhd has won the BrandLaureate Award 2010-2011 in the Corporate Branding Category for Best Brands in Financial Services-Insurance Takaful for the second consecutive year.
March 24, 2011

Insurance News The sale of Pacific Insurance to Fairfax is officially completed today with a final price of RM216.484 mil.
PACIFICMAS Bhd has announced that the final consideration for the proposed disposal of a 100 per cent equity interest in its wholly-owned Pacific Insurance Bhd to Fairfax Asia Ltd had been agreed at RM216.484 million.
March 24, 2011

Insurance News Malaysian Re expects that the earthquake and tsunami in Japan to have minimal impact on its business. It has set aside RM20 mil provision.
Hashim Malaysian Reinsurance Bhd (Malaysian Re) said that it may not be affected significantly by the earthquake and tsunami in Japan as it has reinsured the risks for catastrophic events.
March 21, 2011

Insurance News Munich Re is selling its 16-storey Capital Square for S$889 mil.
SINGAPORE: Munich Re agreed to sell a Singapore office property owned by its unit for S$889 million S$ = RM2.40) to Keppel Land Ltd real-estate fund management arm and a partner.
March 21, 2011


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