Great Eastern to acquire 2 insurance businesses in Malaysia
Great Eastern, through its Malaysia subsidiaries, proposes to acquire AmMetLife Insurance and AmMetLife Takaful Berhad. Find out the details.
Source: yahoo.com
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Too big to fail: 4 insurers to face higher standards and scrutiny under new MAS rule
SINGAPORE - Four insurers have been named as “systemically important” to Singapore, in a new move that will subject them to higher regulatory standards and closer supervision, given that their collapse would significantly affect the country’s economy. They are AIA Singapore, Income Insurance, Prudential Assurance Company Singapore and Great Eastern Life Assurance Company. The Monetary Authority of Singapore, in unveiling...
Source: asiaone.com