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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. http://bit.ly/vkZX8P

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

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.
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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. http://bit.ly/sDUbJ2

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

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