Saturday February 16, 2019 04:52


Allianz General Insurance launches a new fast claim service, Allianz Claim Alert, to meet peoples digital lifestyle. Stcoks—14 Mar 18

To meet customers' demand for online services, "Allianz General Insurance" launches a new fast claim service, "Allianz Claim Alert", in keeping with the new generation's lifestyle which needs fast and convenient service for the Thailand 4.0 era. Car

Mal: Allianz explores M&A opportunities with CAHB General—27 Apr 04

Allianz AG, the global financial services provider and major shareholder of Allianz General Insurance Malaysia Berhad, has received in-principle approval from Bank Negara Malaysia to enter into strategic talks with Commerce Asset-Holding Berhad.

The two companies intend to explore merger possibilities between Allianz's Malaysian life and general insurance operations and the insurance subsidiaries of Commerce Asset, AMI Insurans Berhad and Commerce Life Assurance Berhad.

This approval is preliminary and final regulatory approval would be needed for Allianz AG and Commerce Asset to enter into any subsequent agreements.

"An M&A would be an ideal collaboration to drive Allianz's aggressive expansion plans in Malaysia. Allianz views Commerce Asset's leading market position, strong brand name and nationwide distribution network as being key attributes for a partnership," said Alexander Ankel, newly appointed CEO of Allianz General Insurance Malaysia Berhad.

"Since acquiring the operation (formerly known as Malaysia British Assurance) in 2001, Allianz has worked hard to successfully combine the rich legacy and local expertise of MBA with the international network, capacity and technical experience of the Allianz Group. Allianz General Insurance is first and foremost a Malaysian company. We want 'Allianz' to become a Malaysian household nam