The Star  8 March 2010

By DALJIT DHESI

PETALING JAYA : An acute shortage of talent in the local takaful market, coupled with two new takaful licences to be issued this year in line with the financial sector liberalisation, are expected to put a dampener on the Government's move to turn Malaysia into an international Islamic financial hub.

An industry observer, who declined to be named, told StarBiz that for the two takaful start-ups to run efficiently, they would need around 100 to 200 people in the first two years of operations.

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New Straits Times  8 March 2010

SINGAPORE : Asia's Insurance Industry is set to boom thanks to rising incomes, a growing middle class and ageing populations, explaining the allure behind Prudential's costly bid for AIA, analysts said.

And cultural biases that have made insurance a taboo subject in Asia, because of its association with death, are also fast disappearing, they said.

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Utusan Malaysia  8 March 2010

KUALA LUMPUR 7 Mac - RHB Bank Bhd. menandatangani memorandum persefahaman (MoU) dengan TM Asia Life Malaysia Bhd. bagi menjalin hubungan bersama bankansurans 10 tahun eksklusif di Malaysia.

MoU itu tidak mewujudkan sebarang obligasi perundangan ke atas pihak-pihak yang terlibat dalam transaksi iut, kata RHB Investment Bank Bhd. kepad Bursa Malaysia bagi pihak RHB Capital Bhd. hari ini.

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New Straits Times  8 March 2010

NEW YORK : American International Group Inc will receive a termination fee of US$230.6 million (US$1 = RM3.37) if the sale of its Asian life insurance business to Britain's Prudential plc falls through.

In a filing with the Securities and Exchange Commission late on Friday, AIG said the deal, announced March 1, 2010 and given the go ahead by the US government, but still requires regulatory and shareholder approval.

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Utusan Malaysia  5 March 2010

KUALA LUMPUR  4 Mac  -  Prudential Assurance Malaysia Bhd. (Prudential) melantik Khoo Ai Lin sebagai Ketua Pengagihan Perkongsian dan Insurans Am baru pada 8 Februari lalu.

Ai Lin menggantikan Abhishek Bhatia yang baru-baru ini dilantik sebagai Pengarah Serantau, Pengurusan Insurans oleh Prudential Corporation Asia.

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