Insurance News on Facebook

Sunday, 26 February 2012

News Posts 20120220-20120226


Insurance News  -  25 Feb 2012  -  Public
STMB's profit before tax and zakat in 2011 grew 55% to RM101.4 mil and operating revenue grew 17%. It's bancatakaful and group employee benefit business also grew strongly at 75% last year. http://bit.ly/x7DyHw
KUALA LUMPUR (Feb 24, 2012): Syarikat Takaful Malaysia Bhd (Takaful Malaysia) recorded another year of strong growth with profit before taxation and zakat exceeding the RM100 million mark for the firs...
----------------------------------------------------------------------------------------------------

Insurance News  -  25 Feb 2012  -  Public
Samsung Life is interested in acquiring ING but no decision has been made as yet. http://bit.ly/A3DiZM

SEOUL: South Korea's Samsung Life Insurance said it is interested in acquiring ING Groep's Asia Pacific insurance operation as part of its overseas expansion strategy.
-----------------------------------------------------------------------------------------------------

Insurance News  -  24 Feb 2012  -  Public
AIA posted a much higher value of new business and also an improvement in margin. With cash of $4.3 bil, it said that it would focus on organic growth and kind of hinted that it may not be interested in acquiring ING. http://bit.ly/xgKfAR

NEW YORK (Feb 23): AIA Group Ltd, Asia's No.3 insurer, reported a 40 percent rise in value of new business (VONB) for the year ended Nov. 30, 2011, as well as growth in Thailand despite last year's devastating floods.
----------------------------------------------------------------------------------------------------

Insurance News  -  24 Feb 2012  -  Public
MAA reported higher pre-tax profit but with lower revenue. http://bit.ly/ySKHzv

MAA Group Bhd posted RM158.567 million in pre-tax profit for the financial year ended Dec 31, 2011, a jump from RM36.889 million last year.
----------------------------------------------------------------------------------------------------

Insurance News  -  24 Feb 2012  -  Public
Takaful Ikhlas won the "Best Takaful Provider" awards from the Islamic Finance News 2011 and Euromoney magazine 2012. http://bit.ly/xMdYFS

KUALA LUMPUR: Takaful Ikhlas won two international awards and was honoured as the "Best Takaful Provider" from the Islamic Finance News 2011 and Euromoney magazine 2012.
----------------------------------------------------------------------------------------------------

Insurance News  -  22 Feb 2012  -  Public
Greg Della is leaving Comminsure to rejoin Zurich Australia. Greg was a director for MCIS Zurich for a number of years before he left Zurich Group in 2011. http://bit.ly/zmPDyc

CommInsure chief financial officer and chief life actuary Greg Della has departed the group to join rival Zurich Australia. Zurich Australia life and investments chief executive Colin Morgan told Inve...
----------------------------------------------------------------------------------------------------

Insurance News  -  22 Feb 2012  -  Public
ING is going aggressively into investment-linked business via its INGeasi For You series, aiming to grow the segment from the current 17% share of total business to 25% by year end. It targets to secure another 25,000 policyholders on top of the existing 90,000. A Facebook application will be developed to enable users to see years into their future based on their chosen goals and dreams. http://bit.ly/yJ3bPE

ING Insurance Bhd expects to sign up 25,000 policyholders for its new investment-linked insurance package, INGeasi For You, by year-end.
----------------------------------------------------------------------------------------------------

Insurance News  -  22 Feb 2012  -  Public
ACE Jerneh aims for a double digit GWP growth rate in 2012. The growth will come from all channels: agency, telemarketing and direct marketing. http://bit.ly/zqND7k

KUALA LUMPUR : The merged entity between ACE Synergy Insurance Bhd and Jerneh Insurance Bhd, ACE Jerneh Insurance Bhd (ACE Jerneh) aims to grow its gross written premium (GWP) by a double digit percentage this year.
----------------------------------------------------------------------------------------------------

Insurance News  -  21 Feb 2012  -  Public
Great Eastern acknowledges that there is no way of knowing what kind of returns its recent rebranding would reap. An insurance industry observer notes that Great Eastern's partnership with "health and welfare" products and services providers as part of the rebranding does not cost it much money but creates values for the providers and GE's customers. How this transforms into tangible returns for GE is however not clear although it will enhance its brand. http://bit.ly/Auz8DL
KUALA LUMPUR: Great Eastern Holdings Ltd’s Life is Great rebranding aims to transform its relationship with its customers, with hopes that the proposition will be able to separate the insurer from its competitors.
-----------------------------------------------------------------------------------------------------

Insurance News  -  20 Feb 2012  -  Public
MAA Assurance will be rebranded as a Zurich Brand Company comes 26 March 2012. Zurich will have to relinquish its 40% stake in MCIS Zurich and is in the process of resolving its shareholdings issue with with Koperasi MCIS. The process would take some time as it involves many parties. Zurich's decision to buy an alternative insurance licence instead of developing MCIS Zurich is because MAA has a bigger business in place and also has more potential. http://bit.ly/zzs0ow

ON March 26, a new era will begin in the Malaysian insurance landscape with the entry of the Zurich Group as a standalone insurance company.

No comments:

Post a Comment