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Tuesday, 10 April 2012

News Posts 20120326-20120401

Insurance News  -  31 Mar 2012  -  Public
LIAM is committed to engage with various government bodies to achieve relevant targets set in ETP and FSBP. Among these would be focusing on tax issues, increasing percentage of insured population, being more customer centric and raising consumer awareness.
KUALA LUMPUR: The Life Insurance of Malaysia (Liam) will continue to engage with various government bodies in its pursuit to achieve targets outlined in the Economic Transformation Programme and the F...

Insurance News  -  29 Mar 2012  -  Public
AIA has signed an 8-year bancassurance agreement with Alliance Bank for distributing its conventional products through the bank. A new product - Premier Income 5 (PI5) was also launched. PI5 is a 20-year regular premium savings plan. Meanwhile AIA AFG Takaful secured >600,000 certificates with RM2 mil contributions in its 1st 10 months of operations.
KUALA LUMPUR: Alliance Bank Malaysia Bhd with American International Assurance Bhd (AIA) jointly aim to increase insurance coverage among Malaysians.

Insurance News  -  28 Mar 2012  -  Public
STMB shares have risen strongly lately from RM2.06 a month ago to close at RM3.05 today. Apart from being an undervalued stock as explained by CIMB (CIMB put a fair price of RM4.60), are there other factors that have not been reported yet?
KUALA LUMPUR (March 28) : SYARIKAT TAKAFUL MALAYSIA BHD [] rose 4% or 12 sen to RM3.02 after CIMB Investment Bank Bhd said the Islamic insurance firm should trade higher at RM4.60 in anticipation of its growth potential.

Insurance News  -  27 Mar 2012  -  Public
ING is seeking at least $7 bil for its Asian insurance business. By mid-April, limited financial information on the assets will be made available to potential buyers. AIA, Prudential Financial, Great Eastern, Manulife and Generali are some of the potential buyers named. ING is required to divest its entire insurance operations by end of 2013 as a condition of receiving state aid previously.
ING Groep NV, the largest Dutch financial-services company, is seeking at least $7 billion for its Asian insurance business and has drawn interest from potential suitors including MetLife Inc., said p...

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