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Generali Asia N.V (“Generali”) and Affin Bank Berhad (“Affin”) has completed the share sale transaction of a majority stake in the AXA Affin joint ventures on 30th Aug 2022. The completion has made Generali the major stakeholder of AXA Affin joint ventures in Malaysia.
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Aug 30, 2022 · Milan – Generali has completed the acquisition of the majority stakes in the AXA-Affin joint ventures in Malaysia, therefore becoming a top-tier General Insurer player in the country, in line with its strategy to strengthen its leadership position in high potential markets.
Jun 22, 2021 · In the P&C segment, Generali plans to merge the businesses of MPI Generali with AXA Affin General Insurance. Once the transactions are completed, Generali will hold 70% in both the Life and P&C entities, which will trade under the Generali name. Affin Bank will hold the remaining 30%.
Jun 22, 2021 · AXA Affin General Insurance and MPI Generali to be merged following the acquisitions creating one of Malaysia’s leading general insurance operations, with Generali holding a 70% stake.
Jun 22, 2021 · AXA announced today that it has entered into an agreement with MPI Generali to sell its insurance operations in Malaysia, which include its 49.99% shareholding in AXA Affin General Insurance and 49% shareholding in AXA Affin Life Insurance.
Jun 21, 2021 · AXA announced today that it has entered into an agreement with Generali to sell its insurance operations in Malaysia, which include its 49.99% shareholding in AXA Affin General Insurance (“AAGI”) and 49% shareholding in AXA Affin Life Insurance (“AALI”).
Aug 29, 2022 · AXA announced today that it has completed the sale to Generali of its 49.99% shareholding in AXA Affin General Insurance as well as its 49% shareholding in AXA Affin Life Insurance.
KUALA LUMPUR (Dec 9): Affin Bank Bhd has inked a business transfer agreement (BTA) to merge its general insurance business in Malaysia under AXA Affin General Insurance Bhd or AAGI with Generali Asia NV's, which will result in Affin Bank holding a 30% stake in the enlarged insurance company, with Generali controlling the remaining 70%.
AXA Affin General Insurance Incorporated in Malaysia in 1975, AXA Affin General Insurance Berhad is one of the fastest growing general insurance companies in Malaysia and leader in medical...
