THE most “complete” insurance company with licenses to operate life and general insurance as well as takaful is on a restructuring exercise that is expected to turn it around from a loss of RM38.1mil last year. Its general premium jumped by 42.9% to RM146.9mil for the first quarter ended June 30, and growth in its life business is expected to accelerate from the second quarter. The surplus from its takaful business, meanwhile, is on the rise. The proposed disposal of non-profitable non-core businesses will also save MNI about RM15mil to RM19mil losses yearly.
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