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ALLIANZ General Insurance Malaysia Bhd has become one of the major industrial risk insurance players in Malaysia with a significant market share just two years into its strategic alliance with Germany#146;s Allianz AG, according to chief executive officer William Mei.
While maintaining its ties with the aviation world, Breitling is coming down to earth with its venture into racing and expanding its horizons in a big way. The Swiss company's tie-up with Bentley is already starting to show results with the Breitling clock in the Continental GT and the new wrist watch to be presented at the forthcoming Geneva Motor Show.
NATURAL and man-made catastrophes in 2002 caused economic losses estimated at US$40bil worldwide, of which the insurance industry was liable for around US$12bil, according to preliminary estimates derived from Swiss Reinsurance Company (Swiss Re) I>sigma/Ireport.
Foreign business news in brief including from Jakarta that Indonesia#8217;s foreign direct investment (FDI) approvals dropped 35% to US$9.74bil in 2002 from US$15.06bil the prior year, government figures showed. State investment agency BKPM said just over 1,000 new projects were approved last year, down from 1,180 in 2001.