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Thursday, 26 January 2012

News Posts 20120115-20120121

Insurance News  -  19 Jan 2012  -  Public
The recent small adjustment to the motor insurance tariff will not result in significant boost in premium income for general insurers.

KUALA LUMPUR: The recent revision in motor tariff premium rates, effective since Monday, will not significantly boost motor insurers’ premium income or see more motor insurance being underwritten.

Insurance News  -  19 Jan 2012  -  Public
Labuan Re's outlook has been revised to negative from stable by Fitch as a result of adverse impact on its financial performance and capital level from several catastrophes. Its financial strength rating however remains at A-. Labuan Re's combined ratio is expected to hit 121% for FY2011.

PETALING JAYA: Labuan Reinsurance (L) Ltd’s outlook has been revised to negative from stable by Fitch Ratings, although the insurer’s financial strength rating has been affirmed at A-.

Insurance News  -  18 Jan 2012  -  Public
Sources said that AIA has invited 4 investment banks to pitch for advisory roles for a possible offer to take over the Asian insurance operations of ING.

HONG KONG (Reuters) - AIA Group Ltd;, Asia's No.3 insurer and about one-third owned by American International Group Inc , may bid for the $6 billion Asian insurance operations

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