July 14, 2014 3:27 AM ET

Insurance

Company Overview of MCIS Insurance Berhad

Company Overview

MCIS ZURICH Insurance Berhad provides life and general insurance. It offers motor insurance for private cars, commercial vehicles, and motorcycles; fire, householders, and houseowners insurance; and burglary and all risks insurance. The company also provides fire insurance to cover loss or damage to properties; fire consequential loss insurance to cover loss of revenue/profits due to interruption of the business; houseowners insurance to cover loss of or damage by an insured peril to private dwelling (landed properties or flats, and apartments); householders insurance to cover loss of or damage to household contents and personal effects of the private dwelling (household goods and personal e...

Wisma MCIS ZURICH

Jalan Barat

Darul Ehsan

Petaling Jaya,  46200

Malaysia

Founded in 1989

Phone:

60 3 7955 2577

Fax:

60 3 7957 4780

Key Executives for MCIS Insurance Berhad

Chief Executive Officer
Chief Financial Officer
Head of Operations
General Manager of Life Division
Acting Head of Claims Management/Underwriting Management
Compensation as of Fiscal Year 2014.

MCIS Insurance Berhad Key Developments

Sanlam May Sell Non-life Part Of Its Stake In MCIS To Fairfax

Sanlam Emerging Markets (Pty) Limited may be planning to sell the non-life part of its 51% stake in MCIS Zurich Insurance Berhad to Fairfax Financial Holdings Limited (TSX:FFH).

Zurich Insurance Reportedly In Talks With Sanlam On MCIS Zurich Stake Sale

Zurich Insurance Group AG (SWX:ZURN) is in talks with Sanlam Limited (JSE:SLM) to sell its 40% stake in MCIS ZURICH Insurance Berhad., Malaysia's The Star reported on February 13, 2014, citing sources.

Zurich Insurance Reportedly In Talks With Sanlam To Sell MCIS Zurich

Zurich Insurance Company South Africa Limited (JSE:ZSA) is in talks with Sanlam Limited (JSE:SLM) to divest its 40% stake in MCIS Zurich Insurance Berhad, reported SunBiz citing people close to the matter. Sun daily said that it is understood that Samlan is seriously considering Zurich's stake in MCIS Zurich to help expand its footprint in Malaysia. According to sources, Zurich is desperate to strike a deal quickly as Bank Negara Malaysia (BNM) has given the Swiss financial group till the end of June 2013, to separate itself from its troubled partnership with Koperasi MCIS Sdn Bhd. One of the source said, "Bank Negara Malaysia has given Zurich till end of June to quit its joint venture with Koperasi MCIS." The source added, "BNM has given Zurich an ultimatum to finalise the deal. Otherwise BNM will come down on Zurich over its dual holding in local insurance companies. It has been more than a year-and-a-half since Zurich bought MAA Assurance. BNM wants this issue of dual holding resolved soon."

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 23, 2014
--
Merger/Acquisition
April 23, 2014
--
Merger/Acquisition
April 23, 2014
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To contact MCIS Insurance Berhad, please visit www.mciszurich.com.my. Company data is provided by Capital IQ. Please use this form to report any data issues.

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