March 24, 2017 7:42 AM ET

Insurance

Company Overview of Tokio Marine Insurans (Malaysia) Berhad

Company Overview

Tokio Marine Insurans (Malaysia) Berhad operates as a general insurance company in Malaysia. It offers commercial and personal, personal accident, motor, medical, commercial and personal property, home partner, and golfer insurance; and marine, engineering, and liability insurance, as well as burglary, equipment all risks, fidelity, money, plate glass, biz-pack partner, and bond insurance. Tokio Marine Insurans (Malaysia) Berhad was formerly known as Wing On General Insurance Berhad and changed its name to Tokio Marine Insurans (Malaysia) Berhad in 1999. The company was incorporated in 1986 and is headquartered in Kuala Lumpur, Malaysia, with branch offices in Alor Setar, Penang, Ipoh, Menta...

29th - 31st Floor

Menara Dion

27, Jalan Sultan Ismail

Kuala Lumpur,  50250

Malaysia

Founded in 1986

Phone:

60 3 2026 9808

Fax:

60 3 2026 9708

Key Executives for Tokio Marine Insurans (Malaysia) Berhad

Chief Executive Officer
Chief Financial Officer
Chief Information Technology and Operations Officer
Head of Branch Operation & Admin and West Malaysia Branches
Compensation as of Fiscal Year 2016.

Tokio Marine Insurans (Malaysia) Berhad Key Developments

Notion VTec Berhad Provides Update on the Litigation Case against Tokio Marine Insurans (Malaysia) Berhad

Reference is made to the Notion VTec Berhad's announcements made on 2 January 2013, 14 January 2013, 13 September 2013, 25 November 2014, 4 September 2015, 27 July 2016, 26 August 2016 and 30 August 2016 pertaining to the reported fire incident at the rear building of its main manufacturing plant in Klang, Selangor and subsequent insurance claims and litigation case against Tokio Marine. The Board of Directors of Notion VTec Berhad provided update on the litigation case against Tokio Marine Insurans (Malaysia) Berhad. which was fixed for hearing on January 19, 2017. The Federal Court has decided to dismiss the company's Application for Leave to Appeal against the decision of the Court of Appeal dated 27 July 2016 with costs of MYR 10,000 to be paid to Tokio Marine. Therefore, the Board of Directors had decided not to pursue further with the case.

Notion VTec Berhad Provides Update on Litigation against Tokio Marine Insurans (Malaysia) Berhad

The Board of Directors of Notion VTec Berhad provided an update on the litigation case against Tokio Marine Insurans (Malaysia) Berhad which was fixed for hearing on July 29, 2016. The Court of Appeal has decided to dismiss the company's appeal against the decision of the High Court dated 28 August 2015 with costs of MYR 10,000 to be paid to Tokio Marine. The aforesaid decision will not have any material and adverse effect on the financial position of NVB for the financial year ending 30 September 2016.

High Court Judge Dismisses Notion VTec Berhad's Claim to Tokio Marine Insurans (Malaysia) Berhad

The Board of Directors of Notion VTec Berhad announced that the High Court Judge had on August 28, 2015 dismissed the Plaintiffs' claim for MYR 3,089,469.86 with costs of MYR 40,000.00 to Tokio Marine Insurans (Malaysia) Berhad (Defendant). Originally, the Plaintiffs' claim against the Defendant was for the sum of MYR 6,765,577.00 being losses incurred as a result of fire consequential claims. After the commencement of the suit, the Defendant only paid the sum of MYR 3,676,107.14 thus leaving the balance of MYR 3,089,469.86 to be decided by the High Court. The company has decided to lodge an appeal against the decision of the High Court.

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