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Sykt Takaful mulls M&A for market growth

Posted on 04 May 2012

Syarikat Takaful Malaysia Bhd will consider mergers and acquisitions to grow its market share if it finds suitable partners for the exercises. However, this will probably materialise after 2014 onwards when the Risk Based Capital (RBC) framework for takaful operators is finalised by end-2013, Group Managing Director Datuk Mohamed Hassan Kamil said.
The RBC implementation for conventional insurance operators was currently ongoing that saw consolidation exercises among some of the players, he told reporters after the annual general meeting………………………………………..Full Article: Source

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