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International

Malaysian insurer put up for sale again

April 16, 2020 Reprints

Malaysian insurer AMMB Holdings Berhad and Insurance Australia Group Ltd. are again looking to sell Malaysia-based AmGeneral Insurance Berhad for up to $1 billion, Asia Insurance Review reported citing Bloomberg. AMMB controls 51% of AmGeneral, while IAG owns the rest. They tried to sell the insurer in 2017, but the government intervened.

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Malaysian insurer put up for sale again

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