Topik: Bernama, Takaful Malaysia on Jun 22nd, 2009 Comments Off
Source: Bernama, 22nd June 2009
Syarikat Takaful Malaysia Bhd (Takaful Malaysia), which has RM4 billion in assets, aims to be the largest takaful insurer in the country in terms of assets within two years.
Group managing director, Datuk Hassan Kamil, said Takaful Malaysia, which has 400,000 policyholders, was in second position after Etiqa Takaful Bhd.
He said the company hoped to sign up at least 10 percent more policyholders within a year of the launch of the one-stop Takaful myDesk in collaboration with Lembaga Tabung Haji.
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Topik: Takaful Malaysia, The Edge Daily on Jun 16th, 2009 Comments Off
Source: The Edge Daily, 16th June 2009
BIMB Holdings Bhd says talks to dispose of a strategic stake in its takaful operations to Abu Dhabi-Kuwait-Malaysia Strategic Investment Corp are still ongoing but there could be some amendments.
BIMB group managing director Johan Abdullah said negotiations between Syarikat Takaful Malaysia Berhad (Takaful Malaysia) and the consortium was ongoing.
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Topik: Takaful Malaysia, The Edge Daily on May 20th, 2009 Comments Off
Source: The Edge Daily, 20th May 2009
Syarikat Takaful Malaysia Bhd (Takaful Malaysia) posted a net loss of RM7.71 million in the third quarter ended March 31, 2009 (3QFY09), compared with a net profit of RM7.05 million in the corresponding period of FY2008.
The loss was mainly attributable to poor underwriting results and investment income as a result of the provision for diminution in value of investment, which had been impacted by the global financial crisis.
Revenue for the quarter was down 33.1% to RM187.67 million from RM280.68 million previously.
For the nine-month period, Takaful Malaysia’s loss stood at RM142,000, compared with a net profit of RM15.05 million recorded in the same period last year. Revenue fell 10.9% to RM679.44 million from RM761.99 million a year earlier.
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