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Sunday, 22 July 2012

News Posts 20120716-20120722


Insurance News 20 Jul 2012  -  Public
AXA Affin Life opened its branch in Kota Kinabalu today. http://bit.ly/TAS0720c
KOTA KINABALU: The outlook for the financial services industry, particularly in the insurance sector, is positive as Malaysia's increasing population and rising disposable income will result in more p...
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Insurance News 20 Jul 2012  -  Public
It is a bit confusing now. Is the PRS: (a) Lump sum only scheme; (b) Pensions only scheme; or (c) You can choose to receive lump sum or pensions. I always thought it is (a) but the minister seems to say otherwise. http://bit.ly/TAS0720b
KLANG: The Private Retirement Scheme (PRS) will enable workers who contribute to receive money every month rather than a lump sum when they retire, said Human Resources Minister Datuk Seri Dr S. Subra...
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Insurance News 20 Jul 2012  -  Public
Standard Chartered Saadiq will start selling PruBSN's products under a bancatakaful agreement. The products include SmartEdu-i, FirstHorizon-i and LifeLink-i. http://bit.ly/TAS0720a
KUALA LUMPUR: Standard Chartered Saadiq Bhd (Saadiq Malaysia)'s customers now have a wider choice as the bank will start offering takaful products
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Insurance News 19 Jul 2012  -  Public
Etiqa's financial strength rating has been affirmed at A with stable outlook by Fitch Ratings. Etiqa's capital adequacy ratio (CAR) at Dec 2011 was about 248%. http://bit.ly/TAS0719a
PETALING JAYA: Fitch Ratings has affirmed Etiqa Insurance Bhd’s insurer financial strength (IFS) rating at A with stable outlook.
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Insurance News 18 Jul 2012  -  Public
The Private Retirement Scheme (PRS) will be available to the public from September this year with 24 funds managed by the 8 providers for the investors to select from. A Private Pension Administrator (PRA) has also been established and tasked with enabling infrastructure for the PRS.http://bit.ly/TAS0718b
KUALA LUMPUR: The voluntary Private Retirement Scheme (PRS) was launched on Wednesday by Prime Minister Datuk Seri Najib Tun Razak that will allow employees and self employed the opportunity to save f...
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Insurance News 18 Jul 2012  -  Public
Syed Moheeb won the "Takaful Leader of the Year" award and "The Asset Triple A Awards, Islamic Finance". http://bit.ly/TAS0718a
The President and Chief Executive Officer of Takaful Ikhlas Sdn Bhd (Takaful IKHLAS), Datuk Hj Syed Moheeb Syed Kamarulzaman, has won two international accolades. 
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Insurance News 17 Jul 2012  -  Public
Etiqa Takaful won the Best Bancatakaful, Best Takaful Company and Best Marketing awards at the 6th International Takaful Summit in London.http://bit.ly/TAS0717a
KUALA LUMPUR: Etiqa Takaful Bhd won three awards at the 6th International Takaful Summit, in London recently.
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Insurance News 16 Jul 2012  -  Public
The bid for ING has reached the end of 2nd round today. AIA, Manulife, Dai-ich Life, KB Financial Group, Korea Life and 2 consortia (headed by Mark Wilson and Richard Li respectively) are expected to submit their binding bids. The bids could set the stage for a final round of negotiations. The Southeast Asian operations of ING is expected to fetch $2 bil and could be sold at nearly 2 times the embedded value. http://bit.ly/TAS0716b
HONG KONG: A wide range of suitors, from the son of Asia's richest man and a former rugby player in New Zealand to more established players including AIA Group and Manulife Financial Corp, are expecte...
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Insurance News 16 Jul 2012  -  Public
MCIS Zurich launched the MCIS Zurich Asiapac Fund and targeted to increase the investment-linked share of business from the current 30% to 50% within 1 year. http://bit.ly/TAS0716a
MCIS Zurich Insurance Bhd believes it is able to boost the take-up rate of its investment linked-funds, helped by strong demand as well as new products.

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