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August 03, 2015 11:52 PM ET

Insurance

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

Malaysia

Founded in 2001

Phone:

60 3 2297 1888

Fax:

60 3 2297 1800

Key Executives for Maybank Ageas Holdings Berhad

Chief Executive Officer
Age: 48
President
Age: 64
Compensation as of Fiscal Year 2015.

Maybank Ageas Holdings Berhad Key Developments

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.

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.

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