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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.
Generali Group has fully acquired AXA Malaysia. Please be assured that our commitment remains and we will continue to honour existing policies. Find out more here.
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.
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...
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.
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%.
AFFIN Moneybrokers is the Group’s international money broker for transactions involving foreign financial institutions and as intermediary for deals between authorized financial institutions in foreign exchange and domestic money market.
Apr 3, 2023 · KUALA LUMPUR (April 3): Affin Bank Bhd announced that the merger between its general insurance arm AXA Affin General Insurance Bhd (AAGI) with Generali Asia NV was completed on April 1. Affin Bank currently holds a 30% stake in the enlarged insurance company, while Generali will control the remaining 70%, the bank said in a bourse filing.
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.
May 13, 2023 · KUALA LUMPUR, May 13 — Generali Group, one of the largest global insurance providers, recently launched Generali Malaysia following the acquisition of a controlling majority in AXA Affin joint ventures in Malaysia and 100 per cent purchase of MPI Generali Insurans Berhad.
