by Yong Min Wei, The Edge Daily KUALA LUMPUR: Hong Leong Assurance Bhd (HLA) is confident of maintaining a 3% gross premium growth for the year ending June 30, 2009 despite a gloomy economic outlook, said group managing director Charlie Oropeza. He said HLA’s gross premium had risen 3% to RM1.21 billion for the year ...
by Gill Montia, InsuranceDaily.co.uk American International Group (AIG) has announced that it is selling its Canadian life insurance business to BMO Financial Group (BMO), also known as Bank of Montreal. AIG Life Insurance Company of Canada, (AIG LICC) is based in Toronto and will be changing hands for around US$305 million once regulatory approval is ...
by Pauline Puah, The Edge Daily KUALA LUMPUR: Great Eastern Life Assurance (Malaysia) Bhd yesterday has launched two new products — Smart Medic and AddVantage Plus Insurance. Great Eastern’s chief executive officer Koh Yaw Hui said Smart Medic was a comprehensive medical rider for investment-linked plans with one of the highest annual and lifetime limits ...
via InsuranceDaily.co.uk American International Group (AIG) renamed its auto insurance business this week in preparation for its sale. Aigdirect.com – which sells motor insurance policies over the internet – was renamed a more neutral 21st Century Insurance to attract buyers. AIG is currently selling off businesses – including life insurance units, retirement services, and overseas ...
via Business Times Hong Leong Financial Group Bhd (HLFG) (1082) is planning to sell a stake in its insurance arm, Hong Leong Assurance Bhd (HLA), industry sources said. Most observers believe the plan is to partner HLA with a well capitalised foreign company. This will help HLA grow further while giving it space to focus ...