Archive for October, 2008

MSIG Samurai Sudoku Showdown is back!

10.30.2008 · Posted in Insurance News

The search for this year’s MSIG Sudoku Samurai is even bigger and better with more prizes at stake! MSIG Insurance (Malaysia) Bhd, one of the largest general insurers in Malaysia, brings back the MSIG Samurai Sudoku Showdown due to overwhelming response from last year’s activities. According to MSIG Chief Executive Officer Mr. Song Yam Lim, ...

Aviva seeks to reassure investors

10.29.2008 · Posted in Insurance News

by David Masters, InsuranceDaily.co.uk London-based Aviva Plc, the biggest insurer in the UK by assets, sought to reassure investors today as it posted sales results for the third quarter. The insurer told shareholders that its capital reserves are ‘very strong’ and reported a 12% rise in life and pension sales during the first nine months ...

Pru seeks investors to buy AIG Asian business

10.27.2008 · Posted in Insurance News

by Gill Montia, InsuranceDaily.co.uk Prudential is reported to have appointed Credit Suisse to advise on acquisitions it may make from American International Group (AIG), the beleaguered US insurer that has been twice bailed out by the Federal Reserve. In the current market conditions, Prudential is unlikely to attempt to raise funds for any purchases via ...

Local insurers control over 65% of general, 45% of life market

10.24.2008 · Posted in Insurance News

The Edge Daily KUALA LUMPUR: Local insurers control over 65% of the general insurance market and more than 45% market share of the life insurance segment, the Dewan Rakyat was told yesterday. There are 48 conventional insurance and 10 takaful (Islamic insurance) companies operating in the country. “Of those, 29 conventional and 9 takaful operators ...

Malaysia Family Personal Accident Plan

10.22.2008 · Posted in Insurance Products

Similar to personal accident plan, the family personal accident plan covers the entire family crew, including the spouse and children. One important thing to note is the coverage of children, especially how “children” is classified by the policy. Here’s a typical coverage clause on children: Eligible Children: Between age 15 days and 21 years, unmarried, ...