News Life and Health15 Jan 2018

Malaysia:Etiqa restuctures into operations into four entities

15 Jan 2018

Etiqa, the insurance and takaful arm of Malayan Banking Bhd (Maybank), has split into four organisations in line with Bank Negara Malaysia's initiative to have greater focus on respective businesses, minimise risks and ensure continuous stability.

The group said the move to separate into four organisations, namely Etiqa General Insurance, (EGIB), Etiqa Life Insurance (ELIB), Etiqa General Takaful (EGTB) and Etiqa Family Takaful (EFTB), will drive Etiqa's vision to have the most efficient shareholder, capital and organisational structure.

Four new CEOs have been appointed to helm each of the organisations, namely: Fukhairudin Mohd Yusof for EGIB, Zaharudin Daud for EGTB, Zafri Ab Halim for EFTB and, in an interim capacity, Kamaludin Ahmad for ELIB.

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