October 24, 2016 9:29 AM ET


Company Overview of Maybank Ageas Holdings Berhad

Company Overview

Maybank Ageas Holdings Berhad, through its subsidiaries, provides life and non-life insurance services under the brand Etiqa. Maybank Ageas Holdings Berhad was formerly known as Mayban Fortis Holdings Berhad. The company was founded in 2001 and is based in Kuala Lumpur, Malaysia. As of May 5, 2010, Maybank Ageas Holdings Berhad operates as a subsidiary of Etiqa International Holdings Sdn Bhd.

Level 15

MaybanLife Tower

Dataran Maybank

No. 1 Jalan Maarof

Kuala Lumpur,  59000


Founded in 2001


60 3 2297 1888


60 3 2297 1800

Key Executives for Maybank Ageas Holdings Berhad

Chief Executive Officer
Age: 49
Age: 65
Compensation as of Fiscal Year 2016.

Maybank Ageas Holdings Berhad Key Developments

Maybank Ageas Mulls Acquisitions

Maybank Ageas Holdings Berhad intends to pursue acquisitions. Kamaludin Ahmad, Chief Executive Officer, said that the company has not ruled out acquiring other insurers to boost its ranking in Malaysia. He told SunBiz the company is keen to grow and will consider mergers and acquisitions only if the proposition makes sense. "If a proposal (to acquire) is compelling enough and makes sense to us, then maybe we will do it. But, so far, we will grow organically. However, with the current market situation, just growing organically may not help us to get the big growth we are looking for." "That is why we have to keep our eyes open. We do get proposals from time to time but most of them don't make sense," he said. "If we can buy something that probably can add 30% in size, at least to us, then it makes sense," he said.

Maybank Ageas Seeks Acquisitions

Maybank Ageas Holdings Berhad Chief Executive Officer Kamaludin Ahmad said under the expansion exercise, the company was looking to acquire small and inexpensive insurance players in Indonesia and the Philippines. "We have been talking to a number of parties but we want to make sure that we get the best deal and partner. So the selection process may take a while. Obtaining the insurance licence in those countries are quite difficult. Therefore, through our acquisitions, we can leverage on their existing licence to operate there," he said.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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