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New Straits Times 4 March 2010 NEW YORK : American International Group Inc (AIG), whose history in Insurance spans 90 years from a Shanghai start-up to the biggest US bailout, is exchanging its roots in Asia for cash as rivals seek to expand beyond shrinking markets. AIG's planned US$35.5 billion (US$1 = RM3.37) sale of Hong Kong - based AIA Group Ltd to UK's Prudential plc, announced this week, comes as the firm negotiates with MetLife Inc on the disposal of its No 2 overseas life insurer. For more news update, please login - Member Section - Reference materials - Newspaper Clipping 2010 |
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Last Updated ( Monday, 08 March 2010 )
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The Star 4 March 2010 KUALA LUMPUR : Labuan International Business and Financial Centre (Labuan IBFC) is expected to be more competitive in the International financial arena with the enactment of new laws governing the jurisdiction effective Feb 11. Labuan Financial Services Authority (Labuan FSA) director-general, Datuk Azizan Abdul Rahman, said Labuan IBFC has always been a well regulated jurisdiction with a robust financial services industry adhering to stringent compliance parameters, and that these changes would further enhance the value proposition of Labuan IBFC. For more news update, please login - Member Section - Reference materials - Newspaper Clipping 2010 |
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Last Updated ( Monday, 08 March 2010 )
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The Star 3 March 2010 By SHARIDAN M. ALI KUALA LUMPUR : After taking over BH Insurance (M) Bhd, the enlarged entity of AXA Affin General Insurance Bhd hopes to be among the top five insurers in the country by 2012. AXA Affin, a joint-venture company between Affin Holdings Bhd and France-based AXA SA, has signed an agreement to buy over BH Insurance from Boustead Holdings Bhd and Felda Marketing Services Sdn. Bhd. For more news update, please login - Member Section - Reference materials - Newspaper Clipping 2010 |
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Last Updated ( Wednesday, 03 March 2010 )
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New Straits Times 3 March 2010 By Rupinder Singh AXA Affin General Insurance Bhd (AAGI) will tap BH Insurance (M) Bhd's strength in commercial insurance as it seeks to be among the top five insurers in Malaysia. Chief executive officer (CEO) of AXA Asia General Insurance Jan van den Berg said the combination of both insurers will result in an annual gross written premium (GWP) of RM655 million. For more news update, please login - Member Section - Reference materials - Newspaper Clipping 2010 |
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Last Updated ( Wednesday, 03 March 2010 )
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Berita Harian 3 Mac 2010 Pengambilan BH Insurance tawar pertumbuhan jangka panjang Oleh Kamarulzaidi Kamis AXA Affin General Insurance Bhd berada dalam landasan kukuh untuk meningkatkan kedudukannya sebagai penyedia insurans am kelima terbesar di negara ini berikutan pengambilalihan BH Insurance (M) Bhd. Syarikat usaha sama antara AXA SA yang berpangkalan di Perancis dan Affin Holdings Bhd itu semalam memeterai perjanjian jual beli dengan Boustead Holdings Bhd dan Felda Marketing Services Sdn Bhd bagi tujuan berkenaan. For more news update, please login - Member Section - Reference materials - Newspaper Clipping 2010 |
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Last Updated ( Wednesday, 03 March 2010 )
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The Star 2 March 2010 By EUGENE MAHALINGAM KUALA LUMPUR: Takaful Ikhlas Sdn. Bhd, the Islamic insurance arm of MNRB Holdings Bhd, is unfazed by new competition from potential takaful players that wish to enter the industry. "For us, competition drives us or brings innovation," president and chief executive officer Syed Moheeb Syed Kamarulzaman said after the launch of its corporate head office in Bangsar South yesterday. For more news update, please login - Member Section - Reference materials - Newspaper Clipping 2010 |
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Last Updated ( Thursday, 04 March 2010 )
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