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Sunday, 20 May 2012

News Posts 20120514-20120520

Insurance News 19 May 2012   -  Public
Allianz targets to grow its gross written premiums in life and general by 15% this year to RM3 bil. The growth would be driven by product innovation and Allianz's wide distribution base.
KUALA LUMPUR (Bernama): Allianz Malaysia Bhd is aiming for a 15% growth to RM3bil this year from RM2.6bil in 2011 for gross written premiums in its life and general insurance segments.

Insurance News 19 May 2012  -  Public
Potential first-round bidders for ING's Asia insurance business are Manulife, Metlife, Prudential Financial Corp, AIA, South Korea's KB Financial Group, Korea Life, Sun Life, Zurich and Generali. Samsung Life has however pulled out last minute. ING has prohibited bidders from forming consortium in the 1st round however in 2nd round this is allowed. ING is expected to announce by end of May the successful 1st round bidders.
HONG KONG (Reuters) - Global insurers Manulife Financial Corp , Metlife and Prudential Financial Corp are among suitors expected to place first-round bids on Friday

Insurance News 17 May 2012  -  Public
HLM Takaful has appointed Mohd Fauzi Yaakub as its new CEO.
Hong Leong MSIG Takaful Bhd (HLM Takaful) has appointed Mohd Fauzi Yaakub as its new Chief Executive Officer (CEO) effective May 15, 2012.

Insurance News 15 May 2012  -  Public
The Deputy Finance Minister Donald Lim has succeeded in obtaining the approval from the government to allow ING to compensate it's agents following the pending insurance unit sell-off exercise. The compensation amount would be negotiated between ING and INGIAFAM.
(彭亨雲頂高原14日訊)在財政部副部長拿督林祥才介入協調下,大馬ING保險公司代理員要求該公司脫售大馬業務時付賠償金給代理員,終獲得批准。 林祥才日前在ING保險代理員公會30週年紀念聯歡晚宴宣佈,經他向首相兼財政部長反映實況後,終獲首相首肯,即時批准上述要求。 他也親自把國行的批准信,轉交給ING保險代理員 ...

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