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Al Rajhi Bank Launches New Medical Plan

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May 26 (Bernama) — Al Rajhi Bank has launched a new medical plan, i-Medic, offering affordable and comprehensive medical and hospitalisation coverage. The new product is in partnership with AIA PUBLIC Takaful Bhd. “i-Medic will&hellip

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Takaful confirms buying RM85 million 1MDB sukuk bond

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Syarikat Takaful Malaysia Berhad (Takaful Malaysia) today revealed that it bought a RM85 million Islamic bond from 1Malaysia Development Berhad (1MDB) in 2009, but the Islamic insurance company assured that the investment was low-risk. Takaful&hellip

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AIA appoints first woman CEO from Asia-Pac

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KUALA LUMPUR: Life insurer AIA Bhd has appointed its first ever woman chief executive officer from the Asia-Pacific region. Anusha Thavarajah, who joined the firm in October 2011 as deputy general manager of finance and&hellip

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Takaful Malaysia on the lookout for M&A

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Syarikat Takaful Malaysia Bhd, which expects a record year in 2015, is looking to buy a local takaful company in 2017 as composite insurers and takaful players will be required to split their life and&hellip

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Tune Ins buys majority stake

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6 May 2015 (TheStar) PETALING JAYA: Tune Ins Holdings Bhd is acquiring a majority stake in Indonesian insurer PT Asuransi Staco Mandiri (ASM) for about RM22.8mil. The insurance products manager yesterday entered into two agreements&hellip

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No increase in aviation premiums

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29 April 2015 KUALA LUMPUR: Global aviation insurance premiums have not increased despite the recent string of aviation incidences due to the “soft” market condition, said Clyde & Co, Singapore, Of Counsel, Peter Boys. Boys&hellip

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