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Malaysia's Etiqa Targets Insurance Growth

Posted on Oct 24, 2011 by Sergio Ulloa ()

Etiqa Insurance, one of Malaysia's largest composite insurers and takaful providers, is considering further merger and acquisition activity going forward to boost its business, both locally and overseas. Etiqa is a joint venture insurance operation that was formed in 2007 by a merger between Malaysia National Insurance and Takaful Nasional. The company is 69.05 percent owned by Maybank, with Ageas Insurance International holding the remaining stake. Etiqa now distributes conventional insurance and Islamic takaful proucts under a unified brand name. The company has progressed quickly since its inception and now believes it could vie for the top spot in the Malaysian insurance industry. Read the rest of the Malaysia's Etiqa Targets Insurance Growth article.

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