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Malaysia likely to review foreign insurance ownership directive


  • Insurance
  • Wednesday, 13 Jun 2018

That would provide respite to foreign firms including Great Eastern Holdings, Prudential Tokio Marine Holdings and Zurich Insurance by putting off deals worth more than $2 billion that were being thrust upon them

That would provide respite to foreign firms including Great Eastern Holdings, Prudential Tokio Marine Holdings and Zurich Insurance by putting off deals worth more than $2 billion that were being thrust upon them

HONG KONG/SINGAPORE: Malaysia is likely to review a directive to foreign insurers to reduce ownership of their local units by nearly a third as finding domestic buyers for the equity stakes is proving hard, three people familiar with the matter said.

The review may result in the Malaysian regulator putting the requirement in abeyance, the people said.

Insurance , Corporate News

   

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