MPHB Capital aims to be among top insurance providers

PETALING JAYA: MPHB Capital Bhd, a spin-off of Multi-Purpose Holdings Bhd’s (MPHB) non-gaming assets, aims to position itself as one of the top 10 general insurance providers based on gross premiums by end-2015.

Its insurance arm, Multi-Purpose Insurans Bhd (MPIB) which was parked under MPHB Capital, recorded gross premiums of RM477.9mil for the year ended Dec 31, 2011. It targeted to grow its general insurance business by focusing on expanding the classes of insurance with higher premium retention.