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KUALA LUMPUR, April 4 (Bernama) -- AKWEL, a parts and systems manufacturer for the automotive and heavy-vehicle industry, has recorded a net income of 24.2 million euros in 2024, declining 32.3 per cent from 35.7 million euros in the previous year. (1 Euro = RM4.90)
KUALA LUMPUR, April 4 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) for Hong Kong’s CMB Wing Lung Insurance Company Ltd (CMBWLI), with a stable outlook.
KUALA LUMPUR, April 2 (Bernama) -- Syarikat Takaful Malaysia Keluarga Bhd (Takaful Malaysia) is donating RM100,000 to aid victims affected by the gas pipe burst tragedy in Putra Heights, according to a statement from Takaful Malaysia.
KUALA LUMPUR, April 2 (Bernama) -- AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) for Taiwan’s Nan Shan General Insurance Co Ltd (Nan Shan General), with a stable outlook.
KUALA LUMPUR, April 1 (Bernama) -- Maybank’s insurance and takaful arm, Etiqa, announced it would cover all eligible motor, personal accident, retail fire, homeowners and householders insurance customers affected by the Putra Heights Explosion incident.
KUALA LUMPUR, March 26 (Bernama) -- Duck Creek Technologies has announced a new software as a service (SaaS) core insurance delivery technology partnership with RAA, South Australia’s largest personal lines insurer.
SHAH ALAM, March 24 (Bernama) -- The Computerised Vehicle Inspection Centre (Puspakom) is ready to share its expertise and compete with the three companies appointed by the Ministry of Transport to carry out Motor Vehicle Inspection Centre (PPKM) services by 2027.
KUALA LUMPUR, March 24 (Bernama) -- The overall profitability of life insurance and family takaful funds declined in the second half of 2024 (2H 2024) to RM4.1 billion compared to 1H 2024’s RM8.4 billion due to weaker investment performance and larger net underwriting losses.
KUALA LUMPUR, March 21 (Bernama) -- AM Best, a global credit rating agency, has affirmed Australia’s Pacific International Insurance Pty Limited (Pacific) financial strength rating of B++ (Good) and the long-term issuer credit rating of “bbb” (Good), with a stable outlook.
KUALA LUMPUR, March 21 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of China Taiping Insurance (Macau) Company Limited (CTIM).
KUALA LUMPUR, March 20 (Bernama) -- Total committed funds under management in the Malaysian private equity (PE) and venture capital (VC) industry amounted to RM24.7 billion as at the end of 2024.
By Naveen Prabu
KUALA LUMPUR, March 19 (Bernama) -- The winners of the Alliance Bank Malaysia Bhd’s BizSmart Challenge Accelerator Edition have proven that perseverance, innovation, and the right support are crucial to overcoming business challenges and achieving sustainable success.
