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Generali Group launches Generali Malaysia

Malaysia: Generali to acquire AXA Affin and become second largest general insurer - News

Malaysia: Generali to acquire AXA Affin and become second largest general insurer - News
asiainsurancereview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiainsurancereview.com Daily Mail and Mail on Sunday newspapers.

Generali buys AXA s insurance biz in MY, no imminent leadership changes

Generali buys AXA s insurance biz in MY, no imminent leadership changes
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MPHB s talks to sell insurance arm in the limelight

KUALA LUMPUR (March 5): MPHB Capital Bhd said it is still in talks with Generali Asia a subsidiary of Italian Generali Group about the sale of its stake in its insurance arm MPI Generali Insurans Bhd. The little-traded MPHB has stepped into the limelight when its share price hit limit up on Thursday, it shot up 29.6% or 32 sen to a three-year high of RM1.40. The leap in share price has added RM207.35 million to the company’s market capitalisation. The sudden spike on MPHB’s share price has sparked speculation that the group might be sealing a deal to divest the stake in its insurance arm.

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