OSK Research puts a price tag of RM1.15 bil on Kurnia Insurans.
The acquisition of Kurnia by AmG will make the latter the No. 1 general insurer
in the country, up from the current 5th position. http://bit.ly/Hlkfwk
PETALING JAYA: AMMB Holdings Bhd’s proposed acquisition of Kurnia
Asia Bhd subsidiary Kurnia Insurans (M) Bhd could make it the country’s largest
general insurer, analysts said.
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Alliance Research has estimated that the price of 100% stake in
Kurnia Insurans to be between RM963.9 mil and RM2.34 bil, a rather wide range.
It further added that this estimate may not serve as a good pricing benchmark
for Kurnia given its dominant position in the general insurance market in
Malaysia. http://bit.ly/Hq4qpK
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AMMB move should boost earnings
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AMMB move should boost earnings
AMMB announced that it had received the Finance Ministry’s
approval, through Bank Negara, for the acquisition of a 100% equity interest in
Kurnia Insurans.
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Other news articles on PRS. http://bit.ly/Img4zG, http://bit.ly/Hmo3ly, http://bit.ly/ImfSAs, http://bit.ly/HxL1kD
PETALING JAYA: The emergence of intermediaries as providers of
private retirement schemes (PRS) will provide contributors the flexibility to
invest in a structured manner and boost retirement savings,...
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AIA, ING Funds, AmInvestment, Manulife Unit Trust, CIMB-Principal,
Hwang, Public Mutual and RHB Investment Mgmt are the 8 PRS providers approved
by SC. http://bit.ly/HimVLb
SC approves 8 private retirement scheme providers
SC approves 8 private retirement scheme providers
KUALA LUMPUR: The Securities Commission (SC) has approved eight
private retirement scheme (PRS) providers.
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AmG has received approval from Ministry of Finance on its proposed
acquisition of 100% equity interest in Kurnia Insurans. The details of the
proposed acquisition will be released subject to the signing of a definitive
agreement between AmG and Kurnia Aisa. http://bit.ly/Hfn6eX
PETALING JAYA: The proposed sale of Kurnia Insurans (M) Bhd to AmG
Insurance Bhd takes another step forward.
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MNRB expects its net profit to be lower this year in view of the
impact of the Thailand flood loss but the losses are manageable. It also will
not pull out of the Thai market. http://bit.ly/HeWch2
Malaysia Reinsurance Bhd is currently assessing losses arising
from the recent floods in Thailand but the reinsurer does not expect it to have
a negative impact on earnings.
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DRB-Hicom may sell its 51% and 34.7% stakes in Uni.Asia Life and
Uni.Asia General respectively. UOB which owns the rest of the 2 companies may
also sell its stakes. http://bit.ly/HakpfE
DRB-Hicom may sell Uni.Asia stake
DRB-Hicom may sell Uni.Asia stake
Billionaire Syed Mokhtar Al-Bukhary’s DRB-Hicom Bhd may sell its
stakes in Uni.Asia Life Assurance Bhd and Uni.Asia General Insurance Bhd, three
people with knowledge of the matter said.
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OSK Research values Takaful Malaysia's shares at RM4.42, being 10
times the FY2013 earnings.http://bit.ly/HDiF9K
IN view of the industry’s positive macro outlook, the large Muslim
population in Malaysia and Indonesia as well as the company’s cheap valuation,
stable dividend payout and strong balance sheet, we ar...
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AIA is optimistic of achieving stronger growth citing factors: a)
Under-insured protection market; b) Its 1.2 mil strong customer base; c) Low
insurance penetration rate. Meanwhile AIA-AFG Takaful sold more than 6,000
cases in its 1st 10 months of operations. http://bit.ly/HOOnA2
KUALA LUMPUR: American International Assurance Bhd (AIA Malaysia),
which posted RM483mil in annualised new premiums last year, is confident of
achieving stronger growth on the back of its 1.2 million ...
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PruBSN's performance in 2011:- a) 41% increase in pre-tax profit;
b) 32% growth in gross contributions; c) 39% increase in assets under
management; d) 29% ACE market share.http://bit.ly/HeTDeU
PruBSN pre-tax profit up 41pc
PruBSN pre-tax profit up 41pc
Prudential BSN Takaful (PruBSN) has reported a 41 per cent
increase in pre-tax profit to RM19.7 million in 2011 from RM13.9 million a year
ago.
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