Covid-19 support fund for AXA Affin customers
KUALA LUMPUR: AXA Affin Life Insurance Bhd is offering an extended Covid-19 complimentary support fund to continue reaching out to meet the immediate needs of its customers.
Great Eastern, Generali eye AXA-Affin insurance businesses
KUALA LUMPUR: Singapore’s Great Eastern Holdings Ltd and Assicurazioni Generali SpA are among potential bidders for the life and general insurance businesses in Malaysia that AXA SA and Affin Bank Bhd own, according to people familiar with the matter.
Wong & Partners advised Generali on RM1.3b purchase of AXA Affin JVs
KUALA LUMPUR: Wong & Partners is advising Generali Asia N.V. on the proposed acquisition of the shares of AXA Affin General Insurance Bhd (AAGI) and AXA Affin Life Insurance Bhd.
AXA AFFIN’s first-ever 3-in-1 online insurance cover offers Covid-19 benefits
AXA eCombo gives total protection from as low as RM71 online
Affin Bank partners Generali in insurance operations
KUALA LUMPUR: Affin Bank Bhd has completed the disposal of part of its equity interest in AXA Affin Life Insurance Bhd (AALI) and AXA Affin General Insurance Bhd (AAGI) to Generali Asia N.V. (Generali).
Affin Bank to achieve FY22 targets after disposal of stakes in units
PETALING JAYA: Affin Bank Bhd (pic) is on track to achieve its financial year 2022 (FY22) targets, underpinned by the sale of the company’s stakes in its business units.
Special dividends among options for Affin Bank
PETALING JAYA: Affin Bank Bhd is still mulling over the use of its RM1.54bil proceeds, which translates to RM1bil net gains, from its asset disposal and analysts believe a portion could be funnelled into special dividends.
Affin obtains MoF approval to dispose of AALI, AAGI
KUALA LUMPUR: Affin Bank Bhd has obtained the approval from the Ministry of Finance (MoF) on May 6 to dispose of 21 per cent of its equity interest in AXA Affin Life Insurance Bhd (AALI) and 2.95 per cent stake in AXA Affin General Insurance Bhd (AAGI) to Generali Asia N.V.
Affin, Generali to co-develop more than RM2bil GWP insurance business
KUALA LUMPUR: Affin Bank Bhd and Generali Asia N.V. (Generali) have agreed to form a joint venture to develop their life and general insurance businesses in Malaysia.
Cautious stance on Affin
PETALING JAYA: Despite Affin Bank Bhd’s latest insurance deal which will see it monetising some of its assets, the market remains cautious on its stock due to concerns surrounding some of its key ratios, including its gross impaired loan (GIL) ratio.
Affin, Generali in insurance joint venture
PETALING JAYA: Affin Bank Bhd and Generali Asia N V (Generali) have agreed to form a joint venture to develop their life and general insurance businesses in Malaysia.
Generali Malaysia to invest in tech, new products
Generali Malaysia aims to become one of Malaysia’s largest general insurers and emerging life insurers following its business integration with Affin Bank Bhd.
Generali Malaysia to complete integration by 2024
KUALA LUMPUR: Generali Malaysia will focus on completing its business integration in Malaysia and in MPI Generali Insurans Bhd within two years.
MetLife, AMMB to weigh sale of insurer
KUALA LUMPUR: The owners of AmMetLife Insurance Bhd are exploring options for their Malaysian life insurance business, which could fetch as much as US$600mil (RM2.5bil) in a sale, people familiar with the matter said.
Prepaid Internet plan with free life insurance coverage
DIGI Telecommunications Sdn Bhd, together with AXA Affin Life Insurance, is offering Digi Abadi –- Malaysia’s first-of-its-kind prepaid Internet plan that comes with free life insurance cover.
All eyes on Boustead’s asset disposal plan
WITH its debt at a massive RM7.5bil, it is no wonder that talk is that Boustead Holdings Bhd’s asset monetisation programme is shifting to higher gear. Word is that its crown jewel, namely, its holding stake in Affin Bank Bhd, could be next.
Pointers on buying a health insurance plan
THE ongoing Covid-19 pandemic has certainly raised awareness on the importance of health and this has led to some people reviewing their existing health and medical insurance policies, while others take on new ones.
Trading ideas: Sime Darby Plantation, Datasonic, MISC, Kossan, Notion Vtec
KUALA LUMPUR: Stocks to watch on Friday include Sime Darby Plantation Bhd (SDP), Datasonic Group Bhd, MISC Bhd, Kejuruteraan Asastera Bhd, Kossan Rubber Industries Bhd and Notion Vtec Bhd, according to JF Apex Research.