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May
18

Prudential readies Rights Issue aiming to Complete AIA Acquisition

After having received the tacit approval of the Financial Services Authority in the UK, Prudential has now released details of the controversial US$21 billion (EUR 17 billion) rights issue offering 13.96 billion new shares to help funding the US$35.5 billion (EUR 28.8 billion) purchase of American International Assurance Group Ltd. (AIA) from American International Group (AIG).

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Apr
27

Great Eastern of Singapore Aims to Acquire Pacific Insurance of Malaysia

The Central Bank of Malaysia, Bank Negara Malaysia has given the go ahead for Great Eastern Holdings (GEH) of Singapore to start negotiations with investment holdings parent PacificMas Berhad (PMB) to acquire Pacific Insurance Berhad of Malaysia. The transaction involves the acquisition of all the issued and paid-up share capital at an undisclosed price and subject to the terms and conditions to be resolved during the negotiation.

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Mar
04

Monetary Authority of Singapore presses for greater insurance product transparency

The Executive Director of Insurance Supervision at the Monetary Authority of Singapore, Mr. Low Kwok Mun, said insurance products need to be more transparent to consumers in an address to the Life Insurance Association of Singapore at their annual general meeting on March 3rd. In his address Mr. Low said that while members of the Life Insurance Association (

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