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PETALING JAYA: Malayan Banking Bhd’s (Maybank) insurance arm Etiqa is beefing up its sustainability initiatives as the insurer prepares for expansion in Asean. ....
MALAYAN Banking Bhd’s (Maybank) insurance and takaful arm Etiqa International Holdings Sdn Bhd (EIH) broke a five-year streak of gross written premium (GWP) growth last year, weighed down by a restructuring of its products in the Singapore market. It expects a strong rebound this year, however, with GWPs likely to see double-digit growth. The group's general insurance business is expected to drive results. ....
ETIQA celebrated its 15th anniversary this year with various activities including digital webinars, Etiqa Sini Sana on-ground activation and the introduction of Etiqa’s National Mobile Screening Clinic in December, while reaching a major milestone this year with the official launch of the Etiqa brand in Cambodia. ....
AXA in Talks to Sell Singapore Unit Which Could Raise $700 Million By Chanyaporn Chanjaroen and Manuel Baigorri | January 20, 2021 HSBC Holdings Plc and Malayan Banking Bhd.’s insurance venture are among shortlisted bidders for AXA SA’s business in Singapore, which could raise about $700 million in a sale, according to people familiar with the matter. The British bank and Etiqa, majority owned by a Maybank joint venture, have proceeded into the next round with a few weeks to go before a deadline for submitting binding bids, the people said. At least one Chinese firm also among those invited to lodge offers, said the people, who asked not to be identified because the matter is private. ....