Company Overview of MCIS Insurance Berhad
MCIS Insurance Berhad provides life insurance products and services. It offers motor insurance for private cars, commercial vehicles, and motorcycles; fire, householders, and houseowners insurance; and burglary and all risks insurance. The company also provides fire insurance to cover loss or damage to properties; fire consequential loss insurance to cover loss of revenue/profits due to interruption of the business; houseowners insurance to cover loss of or damage by an insured peril to private dwelling (landed properties or flats, and apartments); householders insurance to cover loss of or damage to household contents and personal effects of the private dwelling (household goods and persona...
Wisma MCIS ZURICH
Petaling Jaya, 46200
Founded in 1989
Key Executives for MCIS Insurance Berhad
Acting Head of Underwriting Management & Portfolio Management
Acting Head of Underwriting Management
Compensation as of Fiscal Year 2014.
MCIS Insurance Berhad Key Developments
Zurich Insurance Reportedly In Talks With Sanlam On MCIS Zurich Stake Sale
Feb 14 14
Zurich Insurance Group AG (SWX:ZURN) is in talks with Sanlam Limited (JSE:SLM) to sell its 40% stake in MCIS ZURICH Insurance Berhad., Malaysia's The Star reported on February 13, 2014, citing sources.
Zurich Insurance Reportedly In Talks With Sanlam To Sell MCIS Zurich
Jun 10 13
Zurich Insurance Company South Africa Limited (JSE:ZSA) is in talks with Sanlam Limited (JSE:SLM) to divest its 40% stake in MCIS Zurich Insurance Berhad, reported SunBiz citing people close to the matter. Sun daily said that it is understood that Samlan is seriously considering Zurich's stake in MCIS Zurich to help expand its footprint in Malaysia. According to sources, Zurich is desperate to strike a deal quickly as Bank Negara Malaysia (BNM) has given the Swiss financial group till the end of June 2013, to separate itself from its troubled partnership with Koperasi MCIS Sdn Bhd. One of the source said, "Bank Negara Malaysia has given Zurich till end of June to quit its joint venture with Koperasi MCIS." The source added, "BNM has given Zurich an ultimatum to finalise the deal. Otherwise BNM will come down on Zurich over its dual holding in local insurance companies. It has been more than a year-and-a-half since Zurich bought MAA Assurance. BNM wants this issue of dual holding resolved soon."
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