Hong Leong Financial Group Bhd (HLFG) expects its takaful unit to register a gross contribution of RM100 million for the financial year ending June 30, 2011 from RM65.45 million last year.
The company’s takaful unit has now adopted a new name, Hong Leong MSIG Takaful Bhd (HLMT). This follows the acquisition of a 35 per cent equity interest by Mitsui Sumitomo Insurance (MSI) in HLMT for RM33.64 million………………………………………Full Article: Source