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Sunday, 9 September 2012

News Posts 20120903-20120909

Insurance News  8 Sep 201   -  Public
It is confirmed that Sanlam is eyeing 49% equity stake in P&O. BNM has granted approval for the preliminary negotiations to proceed.http://bit.ly/TAS0908a
KUALA LUMPUR: Pacific & Orient Bhd has obtained approval
from Bank Negara Malaysia to begin preliminary negotiations for the proposed divestment of its equity interest in Pacific & Orient Insurance Co Bhd. 

Insurance News 7 Sep 2012  -  Public
PruBSN's market share hit 29.1%, according to its CEO. The company would focus on product innovation, meeting customers' needs and building wide distribution network to stay as No. 1. http://bit.ly/TAS0907a
KUALA LUMPUR: Prudential BSN Takaful (PruBSN) intends to
maintain its position as the number one takaful operator in Malaysia this year, said its chief executive officer, Azim K. Mithani.

Insurance News 6 Sep 2012  -  Public
Maybank launched 2 retirement products: 1) Smart Retirement - RP endowment (20 or 30-year term) with guaranteed yearly cash payout. 2) Golden Retirement - SP investment-linked plan with 10 years guaranteed payout, each payout is 11% of SP. http://bit.ly/TAS0906a
Malayan Banking Bhd has launched two new retirement plans, tapping into a growing market segment and targeting to garner some RM250mil in premiums in the first year.

Insurance News 5 Sep 2012  -  Public

Buyers of ING's Asian units are asked to to acquire part of the Japanese unit together with the Southeast Asian and HK business, according to an unconfirmed source. http://bit.ly/TAS0905a
ING Groep NV, facing a regulatory deadline to sell its insurance business, is pressing prospective buyers of operations in Southeast Asia and Hong Kong to also acquire part of its Japanese unit, three people with knowledge of the matter said.

Insurance News 4 Sep 2012  -  Public
Great Eastern pointed out that the picketing yesterday was by a small group of its 17,000 agents and did not represent the majority. Most outstanding agency issues had been addressed through bilateral dialogues and the company had to balance the interests of shareholders, policyholders, agents and other interested parties in its decision. http://bit.ly/TAS0904c
(吉隆坡3日訊)大東方壽險有限公司指出,今午在公司總部大廈前舉行和平請願者只是一小部份代理,他們的意見並不代表全體17千名代理員的意見

Insurance News 4 Sep 2012  -  Public

The picketing in Miri requested the removal of the CEO of Great Eastern.http://bit.ly/TAS0904b
MIRI: Twenty- four life insurance agents led by Great Eastern Life Field Force and Agents Association of Malaysia (Gelfaam) Miri chairlady Tan Ah Choo (in a picket in front of the Great Eastern Life A...

Insurance News 4 Sep 2012  -  Public

Great Eastern's agents held peaceful picketing at 15 locations in the country yesterday requesting management to resolve outstanding issues in the agency contract and to treat agents as business partners and not as employees.http://bit.ly/TAS0904a



(吉隆坡3日訊)近千名馬來西亞大東方壽險代理員公會(GELFAAM)與馬來西亞大東方集團經理公會(GSM)的會員舉行和平請願行動,要求公司管理層正視代理的福利與問題

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