May 01, 2017 12:35 AM ET

Insurance

Company Overview of Zurich Takaful Malaysia Berhad

Company Overview

Zurich Takaful Malaysia Berhad provides insurance solutions. The company offers an investment-linked family Takaful plan; an investment-linked education plan; a regular contribution investment-linked plan; a medical plan (cancer coverage); a single investment-linked plan; an annual renewable family Takaful product; a mortgage protection plan; a group decreasing term Takaful plan for individual customers; property, houseowner and householder, personal accident, motor, burglary, personal risk, public liability, money, marine cargo, plate glass, fidelity guarantee, equipment risk, and engineering insurance products; and other plans. Zurich Takaful Malaysia Berhad was formerly known as MAA Takaf...

15th Floor

Menara MAA

No.12 Jalan Dewan Bahasa

Kuala Lumpur,  50460

Malaysia

Founded in 2006

Phone:

60 3 2146 8000

Fax:

60 3 2143 0033

Key Executives for Zurich Takaful Malaysia Berhad

Chief Executive Officer
Head of Finance HO
Non Independent Non Executive Director, Chief Executive Officer of MAA Holdings Berhad and Group Managing Director of MAA Holdings Berhad
Age: 51
President of General Division
Head of Actuarial & Strategic Planning HO
Compensation as of Fiscal Year 2016.

Zurich Takaful Malaysia Berhad Key Developments

MAA Takaful Berhad has Changed its Name to Zurich Takaful Malaysia Berhad

On August 02, 2016, MAA Takaful Berhad changed its name to Zurich Takaful Malaysia Berhad.

Maa Seeks To Sell Its Takeful Business

MAA Group Berhad (KLSE:MAA) is planning to sell its its Takaful business. MAA Group and Solidarity Group Holding BSC(c) had proposed to sell MAA Takaful Berhad for RM525 million to Zurich Insurance Co Ltd. MAA is seeking shareholder’s approval for the sale of its Takaful business. MAA Group, which owns 75% in MAA Takaful, is expected to reap RM 393.75 million from this sale. It has declared a special dividend of 35 sen per share.

MAA Takaful Berhad Reports Audited Earnings Results for the Full Year Ended December 31, 2015

MAA Takaful Berhad reported audited earnings results for the full year ended December 31, 2015. For the year, the group reported operating revenue was MYR 548.98 million against MYR 676.43 million a year ago. Profit before taxation was MYR 2.813 million against loss of MYR 3.708 million a year ago. Loss for the period was MYR 6.612 million against loss of MYR 4.93 million a year ago. Cash flow from operating activities was MYR 6.06 million against MYR 6.16 million a year ago.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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