International reinsurance broker Front Re has recently received approval from the Labuan Financial Services Authority (Labuan FSA) to operate a retakaful broking business.
Mandarin Re, a specialty property and casualty reinsurance company, has increased its paid-up capital to $26m.
Allianz Life has launched a new critical illness plan, HealthCover Prime, designed to support individuals facing income loss during illness recovery.
Sun Life Malaysia, in collaboration with Agensi Kaunseling dan Pengurusan Kredit (AKPK) and Jabatan Pendidikan Politeknik dan Kolej Komuniti (JPPKK), has expanded its InsureLit Youth Programme to reach 800 TVET students across the Klang Valley.
MNRB Holdings (MNRB) has entered into implementation agreements with Rakyat Nominees and Bank Kerjasama Rakyat Malaysia (Bank Rakyat) in relation to the proposed divestment of its wholly-owned subsidiaries, Takaful Ikhlas Family and Takaful Ikhlas General (collectively known as Takaful IKHLAS).
AIA Singapore will introduce enhancements to its corporate employee benefits insurance from 1 August 2026, expanding access to healthcare services in Singapore and Malaysia at no additional premium cost.
Malaysia's Maybank has agreed to acquire Belgian insurer Ageas' remaining 30.95% stake in Maybank Ageas Holdings for RM4.83bn ($1.18bn), giving the bank full ownership of Etiqa's insurance and takaful businesses in Malaysia and Singapore.
Mr Gurudutt Joglekar has been appointed as Country President of Chubb Insurance Malaysia (Chubb Malaysia).