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Wednesday, 13 June 2012

News Posts 20120604-20120610


Insurance News 8 Jun 2012  -  Public
Kamaludin Ahmad is now the new CEO for Etiqa Insurance. http://bit.ly/TAS0608a
KUALA LUMPUR (June 6, 2012): Etiqa Insurance Bhd has appointed Kamaludin Ahmad as its new CEO effective Monday. Reporting to Etiqa Insurance & Takaful CEO Hans De Cuyper, Kamaludin, 43, will helm ...
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Insurance News 7 Jun 2012  -  Public
Half of Manulife's sales came from Asia compared with about 25% 5 to 6 years ago, signifying the success of its strategy by shifting the business focus from North America and Canada to Asia. Asia is seen as a growth engine for Manulife due to its large middle-class population. Manulife has also expressed interest in takaful business. http://bit.ly/TAS0607d
INSURER Manulife Financial Corp is betting on Asia for growth as it expands organically and explores potential acquisitions.
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Insurance News 7 Jun 2012  -  Public
Manulife aims to launch several funds under the PRS by October 2012. It is expected that the other 7 approved PRS providers will also roll out their funds around the same time. Contributions to PRS are tax deductible up to RM3,000 per year. http://bit.ly/TAS0607c
KUALA LUMPUR: Manulife Unit Trust Bhd (MUTB), a unit of Manulife Holdings Bhd, aims to launch several funds under the private retirement scheme (PRS), earliest, by October this year
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Insurance News 7 Jun 2012  -  Public
The total number of insurance and insurance-related companies registered with LOFSA increased by 22 to 181 in 2011. Total assets increased by 16.1% and the gross contributions for takaful and retakaful sectors recorded a 54.6% growth rate. http://bit.ly/TAS0607b
KUALA LUMPUR (June 7): The banking sector in the Labuan International Business and Financial Centre (IBFC) reported a steady increase of 13% in total assets to US$38.3 billion (RM121.41 billion) as at end-2011.
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Insurance News 7 Jun 2012  -  Public
HSBC Amanah Takaful has been given 4 awards by MTA. http://bit.ly/TAS0607a
KUALA LUMPUR (JUNE 7): HSBC Amanah Takaful (Malaysia) Sdn Bhd has been named the Top Bancatakaful Provider 2011, Top Bancatakaful Producer, Takaful Young Manager and the Best in Corporate Social Responsibility by the Malaysia Takaful Association (MTA).
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Insurance News 4 Jun 2012  -  Public
Zurich wants to develop bancassurance to become one of its core distribution channels. Bancassurance contributes 15% of the whole Zurich group's business globally. http://bit.ly/TAS0604a
KUALA LUMPUR: Switzerland-based insurance giant Zurich Insurance Group is planning to have a presence in bancassurance operations here as part of its strategic move to command a stronger position in t...

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