Topik: Business Times, HSBC Amanah on Oct 1st, 2009 Comments Off
Source: Business Times, 1st October 2009
FITCH Ratings has today affirmed the Insurer Financial Strength (IFS) Rating of Malaysia-based HSBC Amanah Takaful (Malaysia) Sdn Bhd (HSBCAT) at ’A-’. The outlook is stable.
Fitch views HSBCAT as an important member of HSBC Holdings Plc (’AA’/Negative) and its rating is underpinned by the group’s ability and willingness to provide on-going support.
HSBCAT benefits tremendously from its parent’s well-recognised brand name, product and distribution capabilities, and other management resources.
The rating also reflects HSBCAT’s healthy capitalisation, conservative investment mix and prudent management.
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Topik: HSBC Amanah, Takaful keluarga, The Star on May 20th, 2009 Comments Off
Source: The Star, 20th May 2009
Takaful premium income is expected to contribute 20% to HSBC Amanah Malaysia Bhd’s revenue by 2011, according to HSBC Amanah Takaful (Malaysia) Sdn Bhd chief executive officer Zainudin Ishak.
“At the moment our contribution to the group is insignificant,’’ he told reporters at briefing on a survey conducted by HSBC Insurance (Asia Pacific) Holdings Ltd yesterday.
HSBC Amanah Takaful was registered in August 2006 and the company had recently turned profitable, Zainudin said, adding that new regular premium income at the takaful operator had doubled to RM30mil from RM15mil recorded six months ago.
Zainudin said he expected the “momentum” to continue for the rest of the year, despite concerns that the economic slowdown would limit consumers’ demand for insurance products.
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Topik: Bernama, HSBC Amanah on Sep 11th, 2008 Comments Off
Source: Bernama, 11th September 2008
HSBC Amanah Takaful (Malaysia) Sdn Bhd is targeting RM375 million in revenue for its financial year ending Dec 31, 2008, its chief executive officer, Mohammad Muqeem, said Thursday.
As of August this year, the company has underwritten almost RM40 million in new business, covering 102,000 policies, he told Bernama after the presentation of cheques to five underprivileged homes and a rural primary school here.
The company’s growth in premiums this year compared with last year has indicated an increase of 123 percent in general and 329 percent in life or family takaful.
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