Upon receipt of regulatory approvals and satisfaction of certain other conditions, the proposed transaction will result in MetLife owning a fifty percent plus one share in AmLife with the remaining shares to be owned by AMMB
, and AMMB
owning a fifty percent plus one share in AmTakaful with the remaining shares to be owned by MetLife.
American insurance provider, MetLife Inc (NYSE: MET) is relying on the capabilities of AMMB
Holdings Bhd's insurance arm to expand its reach in Malaysia.
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Holdings Berhads business.
Holdings' fund management arm said the new releases have been made to meet investors' demand for higher risk funds and a greater yield than fixed deposit rates.
The financial institution ratings of AmIslamic reflect its strategic importance as the AMMB
Holdings Berhad's (rated 3/Stable/P1) Islamic banking arm and the Bank's highly integrated operations with its sister bank, AmBank (M) Berhad (AmBank, rated 2/Stable/P1) under a universal-banking platform.
Stronger earnings at CIMB, RHB Capital and AMMB
Holdings will contribute to the acceleration of growth from last year's 7 percent to 11 percent in 2014, according to HwangDBS Vickers.
A publicly owned company, AMRESCO's common stock trades on the Nasdaq Stock Market under the symbol AMMB
Holdings Bhd (AmBank Group) and US-based MetLife Inc have introduced two insurance brands as a result of their strategic partnership.
Holdings Bhd has sold part of its stake in its insurance and Takaful businesses to American insurer MetLife Inc.
The corporate credit rating of their holding company, AMMB
Holdings Berhad (together with its subsidiaries, known as the AmBank Group), has also been upgraded, from A1/Positive/P1 to 3/Stable/P1.
The Finance Minister and Bank Negara has given approval to AMMB
Holdings Bhd s wholly-owned subsidiary, AMAB Holdings Sdn Bhd, and MetLife Inc s unit, MetLife International Holdings,for a strategic partnership involving AmLife Insurance Bhd and AmFamily Takaful Bhd.
Malaysian stock broking firm, AMMB
Holdings, has announced that an additional provision of MYR40m had been set aside to cover clients' trading losses at its Singapore stock broking arm.