Insurance News
Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
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Wednesday, 9 April 2008
MNRB to buy British Islamic Insurance
MNRB is entering the UK's takaful market through proposed 9.99% purchase of British Islamic Insurance Holdings Limited (BIIH).BIIH has 2 wholly-owned subsidiaries: BIIH General Limited (general insurance business) and BIIS Limited (insurance intermediation services).
BIIH intends to offer general takaful products and would be the 1st independent wholly Shariah compliant entity offering takaful products in the UK.
The transaction is expected to complete by 30 June 2008.
Source: Bursa Malaysia
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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