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September 01, 2015 5:11 PM ET

Insurance

Company Overview of AmLife Insurance Berhad

Company Overview

AmLife Insurance Berhad provides life insurance and wealth protection solutions in Malaysia. It offers life insurance for protection, savings and investment, education and investment, healthcare, and savings and protection. The company also provides financial planning services in the areas of income protection, education, retirement, and savings. In addition, it offers services, such as claims for life insurance, which include death claim, hospitalization benefits claims, accident claim (accident benefit), personal accident/accident indemnity claim, total and permanent disability claim, and critical illness claim/dread disease waiver of premium; and provides policy loan services. The company...

Level 9

Bangunan AmAssurance

No.1, Jalan Lumut

Kuala Lumpur,  50400

Malaysia

Founded in 1973

Phone:

60 3 4047 8000

Fax:

60 3 4043 8680

Key Executives for AmLife Insurance Berhad

Chief Executive Officer
Chief Operating Officer
Deputy Group Managing Director and Director
Age: 53
Managing Director
Age: 57
Head of Foreign Exhange, Interest Rate & Commodities Derivatives and Director of Markets Division
Compensation as of Fiscal Year 2015.

AmLife Insurance Berhad Key Developments

AmMetLife Takaful Bhd Appoints Mohamad Salihuddin as CEO

AmMetLife Takaful Bhd has received an approval from Bank Negara Malaysia (BNM) to appoint Mohamad Salihuddin Ahmad as its chief executive officer (CEO) effective May 14, 2015. Mohamad Salihuddin will be responsible in executing a transformation strategy to achieve profitable growth, accelerate shareholder return, as well as, ensuring the operational effectiveness of AmMetLife Takaful business in Malaysia. Prior to joining AmMetLife Takaful, Mohamad Salihuddin held an advisory role since 2013 in Finance Accreditation Agency, an independent quality assurance and accreditation body supported by BNM and Securities Commission Malaysia.

AmMetLife Insurance Berhad Appoints Ramzi Toubassy as Chief Executive Officer

MetLife Inc. in conjunction with its partners Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and AMMB Holdings Berhad (AmBank Group) in Malaysia announced that Mr. Ramzi Toubassy has received regulatory approval from the Central Bank of Malaysia/Bank Negara Malaysia (BNM) to be appointed as the Chief Executive Officer (CEO) of AmMetLife Insurance Berhad (AmMetLife) in Malaysia. Both Mr. Ball, who is based in Hanoi, Vietnam, and Mr. Toubassy, who will be based in Kuala Lumpur, Malaysia, will report to Dr. Nirmala Menon, MetLife's Head of Designated Markets & Health, Asia.

Amlife Insurance Berhad Reaches an Agreement with AMMB Holdings to Form a Strategic Partnership Involving Amlife Insurance Berhad and Amfamily Takaful Berhadxpands in Malaysia

MetLife has reached an agreement with AMMB Holdings to form a strategic partnership involving AmLife Insurance Berhad and AmFamily Takaful Berhad. Upon regulatory approval, the proposed transaction will result in MetLife owning a 50% and one share in AmLife with the remaining shares to be owned by AMMB, and AMMB owning a 50% and one share in AmTakaful with the remaining shares to be owned by MetLife. In addition, the proposed transaction will result in AmLife and AmTakaful entering into exclusive twenty-year bancassurance and bancatakaful agreements for the distribution of life insurance and family takaful products through the distribution network of AMMB's banking subsidiaries, AmIslamic Bank Berhad, in Malaysia.

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