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News
LPI Capital posts RM66.9mil earnings in 2Q
1+ hour, 18+ min ago (419+ words) PETALING JAYA: LPI Capital Bhd recorded a decline in net profit to RM66.86mil in the second quarter ended June 30, 2026 (2Q26) as compared to RM83.17mil in the year-ago quarter as the general insurance segment registered net fair value loss in its investments. The group,…...
Insurance ownership not seen as trend for banks
2+ day, 6+ hour ago (461+ words) PETALING JAYA: The few deals made by banks recently to acquire insurance companies are not signalling a broad industry shift where banks own insurance companies, according to CIMB Securities. Deals in question include Malayan Banking Bhd’s buyout of the remaining…...
Financial groups reignite race for insurance deals
1+ mon, 4+ day ago (202+ words) SEOUL: South Korea’s insurance merger and acquisition market is showing signs of life after years of stalled deals, as major financial groups seek to expand beyond their core businesses. Lotte Non-Life Insurance, KDB Life Insurance and Yebyeol Non-Life Insurance are…...
Adyen: Insurers eyeing end-to-end digital ecosystem
2+ mon, 2+ week ago (502+ words) KUALA LUMPUR: The insurance industry in Malaysia is rapidly shifting towards a connected ecosystem, which will take time, according to 70% of insurance companies that were recently surveyed. At the same time, global financial technology platform Adyen reported, in its Adyen…...
General insurance industry grows 4.8% in 2025, posts RM1.2bil underwriting profit - PIAM
3+ mon, 1+ week ago (406+ words) KUALA LUMPUR: Malaysia’s general insurance industry recorded gross written premium (GWP) of RM24.2 billion in 2025, representing a 4.8 per cent increase from RM23.1 billion in 2024, driven mainly by continued expansion in the motor and fire insurance segments, according to the General Insurance Association of…...