Insurance News 4 Aug
2012 - Public
Chartis'
search for new corporate office is said to be down to a choice between Menara
Worldwide and Cap Square Tower. http://bit.ly/TAS0804b
Chartis narrows it down to two buildings »
Chartis narrows it down to two buildings »
CHARTIS Insurance Malaysia Bhd is said to be close to picking
either Menara Worldwide or Cap Square Tower as its new corporate office in
Kuala Lumpur.
Unconfirmed news has it that Great Eastern is bidding for Hong
Kong Life Insurance Ltd. http://bit.ly/TAS0804a
[HONG KONG]. GREAT Eastern Holdings Ltd, an insurer controlled by
Singapore's Oversea-Chinese Banking Corp (OCBC), has made a bid for Hong Kong
Life Insurance Ltd, two people familiar with the matter ...
Allianz
launched EduPlus, an education savings plan and targets RM10 mil this year.
Allianz wants to increase its market share from 6.4% currently to 8% by 2015.
It will drive growth by launching more products and expand multi-distribution
capabilities. A retirement plan is also targeted to be launched later this
year. http://bit.ly/TAS0803a
Allianz targets 8pc market share »
Allianz targets 8pc market share »
ALLIANZ Life Insurance Malaysia Bhd (ALIM) aims to expand its new
business market share in the life insurance industry to eight per cent by 2015
from 6.4 per cent currently.
Great Eastern saw its weighted new business sales increased by 4%
but volatile market led to mark-to-market losses, resulting in 31% drop in its
Q2 net profit. http://bit.ly/TAS0802b
SINGAPORE - Great Eastern Holdings has reported a 31 per cent drop
in its second-quarter net...
Kurnia has obtained approval from IRB to use the Digital Franking
System. It intends to use it to stamp the Foreign Workers Insurance Guarantee
and save its agents cost of hiring runners to have the documents stamped at the
IRB's office. http://bit.ly/TAS0802a
KUALA LUMPUR: Kurnia Insurans (Malaysia) Bhd (KIMB)is the pioneer
company in Malaysia to obtain the System User Licence from the InlandRevenue
Board (IRB) for use of the Digital Franking System (DFS).
ING may sell its Southeast Asian, South Korean and Japanese life
insurance operations separately to fetch better price. http://bit.ly/TAS0801a
ING Groep NV may break up its Asian life insurance operations and
is holding talks with buyers interested in the business in different countries,
two people with knowledge of the process said.
Great Eastern has been reprimanded by MAS as it had failed to
ensure that 3 of its appointed representatives meet the minimum entry
requirements before commencing the provision of financial advisory service.
Great Eastern has since confirmed to MAS that it has put in place policies and
procedures to prevent future recurrence of such event. http://bit.ly/TAS0730b
Chartis is sourcing for a new office venue and will likely to move
out from its Jalan Ampang office before end of the year. http://bit.ly/TAS0730a
CHARTIS Malaysia Insurance Bhd will be moving into a new home in
Kuala Lumpur by the end of this year.
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