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

Generali buys AXA s insurance biz in MY, no imminent leadership changes
marketing-interactive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketing-interactive.com Daily Mail and Mail on Sunday newspapers.

Generali expands presence in Malaysia via Axa deal

The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page. PARIS, June 22 (Reuters) - Italy s top insurer Generali (GASI.MI) has agreed to buy Axa s (AXAF.PA) insurance assets in Malaysia and take full ownership of a joint-venture it runs in the country to strengthen its local presence. The deals will turn Generali into the second-biggest player in Malaysia s Property and Casualty (P&C) insurance market while also allowing the company to enter the local life insurance sector, it said on Tuesday.

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Generali Launches $1 4 Billion Bid to Buy Remaining Shares of Italy Rival Cattolica

Generali Launches $1.4 Billion Bid to Buy Remaining Shares of Italy Rival Cattolica Italy’s largest insurer Assicurazioni Generali SpA launched a 1.2 billion-euro ($1.4 billion) bid to buy all the shares it doesn’t already own in smaller rival Societa Cattolica di Assicurazioni, as part of a strategy to cement its already-commanding presence in the home market. Generali, which has a stake of about 24% in the company, is offering investors 6.75 euros per Cattolica share in an all-cash transaction, the insurer said in a statement on Monday. The offer represents a 15% premium on the last closing price and values the smaller rival at 1.5 billion euros [$1.8 billion].

IJM Construction bags two contracts worth RM327 6mil in KL, Penang

Mezzo, the first and a key residential component of The Light City with stunning views of the Penang Straits, had its soft launch in February this year. KUALA LUMPUR: IJM Construction Sdn Bhd has secured two contracts, an RM89.8 million contract for the construction of infrastructure building and public realms’ works at Tun Razak Exchange (TRX), Kuala Lumpur, and another contract worth RM237.8 million for the construction of Mezzo residential tower at The Light City, Gelugor, Penang. For the first contract which was awarded by TRX City Sdn Bhd, is to undertake civil and structural and architectural works; mechanical and electrical services; both hardscape and softscape works; signages and wayfinding as well as amenities in the international financial district.

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