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March 27, 2015 6:35 PM 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: 47
Age: 63
Compensation as of Fiscal Year 2014.

Maybank Ageas Holdings Berhad Key Developments

Maybank Ageas Holdings Bhd Provides Earnings Guidance for the Year of 2014; Reports Earnings Results for the First Quarter of 2014

Maybank Ageas Holdings Bhd provided earnings guidance for the year of 2014. The company expects its total premium this year to grow to MYR 5.4 billion. This compares to the combined gross premium of its life insurance, general insurance, family Takaful and general Takaful businesses of MYR 4.8 billion registered last year. The company reported earnings results for the first quarter of 2014. For the period, the company's pre-tax profit rose 7%, year-on-year, to MYR 733.2 million for the same period.

Maybank Ageas Holdings Berhad Receives the Conditional Approval from Monetary Authority of Singapore for the Application to Set Up an Insurance Company in Singapore

Malayan Banking Berhad announced that on 7 March 2014, Maybank Ageas Holdings Berhad had received the conditional approval from Monetary Authority of Singapore for the application to set up an insurance company as a direct insurer to carry on life and general business in Singapore.

Maybank Appoints Kamaludin Ahmad as CEO of Maybank Ageas Holdings Berhad, Etiqa Insurance Berhad and Etiqa Takaful Berhad

Maybank has announced the appointment of Kamaludin Ahmad as the new CEO of Maybank Ageas Holdings Berhad, including Etiqa Insurance Berhad and Etiqa Takaful Berhad. Kamaludin will oversee the entire insurance and takaful business of the Maybank Group. He has been serving as acting CEO of both entities since March this year. Kamaludin joined the Maybank Group as CEO of Etiqa Insurance Berhad and Head of General Business in June 2012, bringing with him more than 20 years of experience in the financial industry. Prior to that, Kamaludin held several key management positions in AIG Malaysia Insurance Berhad and AIG Asia Pacific Insurance Pte Ltd. He was Head of Corporate Finance, Strategy and Performance of UEM Group Berhad prior to joining Etiqa.

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