Allianz General has enhanced its Travel Care plan which includes
cover for the insured's home, belongings and pets while they travel. http://bit.ly/TAS0713c
Allianz unveils travel care plan »
Allianz General Insurance Co (Malaysia) Bhd (Allianz General) has
introduced the enhanced Allianz Travel Care insurance plan offering added protection for individuals, families, their belongings and
their home while travelling.
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Mark Wilson, the former chief of AIA Group, is leading a
consortium in the bid for ING's Asia insurance unit. He faces competition from
AIA, Manulife and Dai-ichi. http://bit.ly/TAS0713b
NEW YORK: Global private equity fund Blackstone Group LP is
backing Mark Wilson, the former chief of AIA Group Ltd, in the bidding for ING
Groep NV’s Asia insurance unit, a source directly familiar wi...
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AIG
will invest RM89.6 mil in AIG Global Services Sdn Bhd (an information
infrastructure service provider that provides support to AIG companies
worldwide) and Chartis Technology and Operations Management (a shared service
centre for insurance and financial services and operations management).http://bit.ly/TAS0712b
KUALA LUMPUR: American International Group (AIG) will invest RM89.6
million to expand its Malaysian operations to provide support services for its
businesses worldwide.
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ACE Jerneh has appointed Steve Crouch as the new Country President
for Malaysia. http://bit.ly/TAS0712a
ACE Jerneh gets new Country President »
ACE Jerneh Bhd (ACE Jerneh), part of the leading global insurance
and reinsurance group, ACE Group of Companies, today announced the appointment
of Steve Crouch as its new Country President with immediate effect.
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GIC Re of India will open a branch office in KL. It currently
operates out of Labuan and with KL office functioning only as a marketing
office.http://bit.ly/TAS0711a
General Reinsurance of India to open KL branch »
THE General Reinsurance of India (GIC Re), the national reinsurer
of India, will open its Kuala Lumpur branch office tomorrow.
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LPI's Q2 2012 results (vs Q2 2011):- PAT: RM40.43 mil (RM31.42
mil); Revenue: RM265.03 mil (RM213.79 mil). LPI will continue to focus on
growing its core underwriting business and preferred risks. The industry is
expected to see intense competition with further rate erosion. http://bit.ly/TAS0709b
LPI Capital Bhd kicked off the March-June earnings season, with
net profit up 28.6% to RM40.43mil from RM31.42mil a year ago due to its focus
on risk selection and its diversified business model.
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Prudential, Manulife, AIA and Sun Life have apparently
been short-listed into the 2nd stage of bidding for a stake in CIMB
Aviva. It was reported that there were 10 suitors in the 1st round. http://bit.ly/TAS0709a
SINGAPORE/HONG KONG: Four potential buyers, including Prudential
Plc and Manulife, have made it through to a second stage of bidding for Aviva's
insurance business in Malaysia in a deal worth about US...
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