News - Malaysia: MUI Continental Insurance to be sold to Tokio Marine
Source: Asia Insurance Review | May 2012
Malayan United Industries Bhd (MUI) intends to sell the insurance assets and liabilities of MUI Continental Insurance Bhd (MCI) to Tokio Marine Insurans (M) Bhd for a premium of MYR180.23 million (US$58.8 million) and has applied to Bank Negara for approval.
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