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Monday, 16 January 2012

News Posts 20111225-20111231

Insurance News  -  30 Dec 2011  -  Public
48% of parents in Malaysia had no life insurance.

KUALA LUMPUR: Men are taking the lead in decision-making across most aspects of financial planning, according to a HSBC report.

Insurance News  -  29 Dec 2011  -  Public
Insurance M&As in 2011 and late 2010: a) MAA acquired by Zurich; b) Pacific Insurance acquired by Fairfax; c) Proposed acquisition of Kurnia by AmG; d) Completion of transfer of Maybanlife to Etiqa; e) 35% of HLTMT transferred indirectly from Tokio Marine to Mitsui Sumitomo; f) 15.2% of RHB Insurance acquired by RHB Capital from Nissay Dowa. There are a few more, feel free to add below...

PETALING JAYA: More excitement might be in store for the local insurance industry as it goes into further consolidation in 2012 after a year laden with numerous corporate exercises.

Insurance News  -  27 Dec 2011  -  Public
The increase in the maximum foreign ownership from 49% to 70% has made the local insurance companies more attractive M&A targets for foreign players. The upward adjustment in motor insurance tariffs will benefit the motor insurance players.

OSK Research Sdn Bhd expects more consolidation in the local insurance space in the future.

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