Daily Insurance Industry News
Daily Insurance Industry News
Thursday 18th of October 2018
September 30, 2011

Zurich completes MAAB acquisition

by Richard Kilner

Story link: Zurich completes MAAB acquisition

Zurich completes MAAB acquisition

Zurich Financial Services Group has announced the completion of its acquisition of 100% of the share capital of Malaysian composite insurer Malaysian Assurance Alliance Berhad (MAAB).

The acquisition, announced back in June of this year, marks a new milestone in the firm’s strategic approach to emerging markets.

Zurich has increased its presence in the Asia-Pacific region, putting the firm in a stronger position for profitable growth in the future.

The firm is particularly attracted to Malaysia because of its untapped potential for growth and prosperity, coupled with a young and dynamic population.

Earlier this year Zurich declared it was reducing its stake in New China Life Insurance Co Ltd (NCL) from 20% to 15%, selling the 5% to undisclosed buyers.


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