Swiss firm buys two Malaysian insurers to add takaful products to its portfolio

Smith (right) and Salim sharing a light moment at the announcement of the acquisition.

SWISS insurer Zurich Insurance Company Ltd has bought MAA Takaful Bhd (MAAT) from MAA Group Bhd and Solidarity Group Holding BSC to expand its insurance and takaful business in Malaysia.

With the combination of MAAT’s range of products and Zurich Insurance Group’s (Zurich) existing insurance solutions, customers can look forward to a full range of insurance products and solutions spanning from life insurance and general insurance to family takaful and general takaful.