Potential Malaysian listings for foreign insurers

At the moment, Malaysia

PETALING JAYA: The insurance industry might be primed for a series of listings on the stock exchange or mergers and acquisitions (M&As), as the June 2018 deadline for foreign insurers to meet a 30% local shareholding ruling draws closer.

Bank Negara instructed foreign insurers in June this year to raise their local shareholding levels to at least 30% as part of an initiative to lift domestic participation in the industry.