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Wednesday, 13 June 2012

News Posts 20120528-20120603


Insurance News 3 Jun 2012  -  Public
INGIAFAM has asked for a compensation of RM80 mil vs RM40 mil offered by ING. The agency force association compared its compensation vs that offered to the agents in Hong Kong and concluded that the offer made to agents in Malaysia was insufficient. http://bit.ly/TAS0603e
(吉隆坡1日訊)馬來西亞ING保險代理員公會(ING IAFAM)尋求荷蘭駐馬來西亞大使館的支持,協助他們向ING荷蘭總公司爭取總值8千萬令吉的賠償金,以合理對待盈利比香港更高的大馬保險業務代理員。 該會總會長和致輝說,在ING為了集資解決債務而尋求脫售亞太區保險業務後,該公司向大馬ING提出1千萬歐元(4千萬令吉)的 ...
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Insurance News 3 Jun 2012  -  Public
PruBSN has achieved RM63.1 mil in ACE in Q1 2012,  a 28% growth over the same period last year.  http://bit.ly/TAS0603d
Prudential BSN Takaful Bhd (PruBSN)'s first quarter 2012 annual contribution equivalent marked a robust 28 per cent increase, strengthening to RM63.1 million from RM49.2 million in the same quarter last year.
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Insurance News 3 Jun 2012  -  Public
Soo Wai Har has been appointed Deputy CEO for Chartis.http://bit.ly/TAS0603c
KUALA LUMPUR: Chartis Malaysia has appointed Soo Wai Har as senior vice-president for commercial division and deputy chief executive officer.
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Insurance News 3 Jun 2012  -  Public
Maybank has signed an SPA to dispose of about 70% of the shares of AsianLife Financial Assurance Corp. The deal was priced at 1.5 times book.  http://bit.ly/TAS0603b
KUALA LUMPUR : Malayan Banking Bhd’s (Maybank) indirect unit, AsianLife and General Assurance Corp (ALGA), has signed a share purchase agreement with STI Investment Inc to dispose of about 70 per cent of the shares of AsianLife Financial Assurance Corp (ALFA). 
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Insurance News 3 Jun 2012  -  Public
Khoo Kah Siang has been appointed CEO for GELS and OACS.http://bit.ly/TAS0603a
Great Eastern Holdings Ltd on Thursday appointed Khoo Kah Siang as CEO (Singapore) and principal officer of of The Great Eastern Life Assurance Company Ltd (GEL) and The Overseas Assurance Corporation...
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Insurance News 29 May 2012  -  Public
Government proposed a group insurance scheme covering FT taxi drivers. Cover includes accidental, life and medical benefits. Wonder who the insurer is.http://bit.ly/TAS0529a
KUALA LUMPUR: Taxi drivers in the Federal Territories (FT) will be covered by a group insurance scheme similar to that of hawkers and petty traders as announced by Prime Minister Datuk Seri Najib Tun ...
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Insurance News 28 May 2012  -  Public
STMB has achieved a 33.5% growth in its profit before tax and zakat with 38.8% revenue growth. The higher profit is attributed to higher surplus transfer from Family Takaful Fund and higher wakalah fee. Change in reserving methodology also contributed to RM4.7 mil additional profits. http://bit.ly/TAS0528d
Syarikat Takaful Malaysia Bhd has recorded a 33.5 per cent rise in its profit before taxation and zakat (PATZ) of RM37.512 
million for the first quarter ended March 31, 2012 compared with RM28.096 million in the same period last year.
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Insurance News 28 May 2012  -  Public
The large and growing middle-income population in the country with higher disposable income is expected to propel the life insurance industry to hit 10% growth this year. http://bit.ly/TAS0529c
The life insurance industry in Malaysia is expected to see a 10% growth in premiums this year, based on the regional economic growth, said Bank Negara Malaysia assistant governor Donald Joshua Jaganat..

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