AmMetLife

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AmMetLife Insurance Berhad
TypePrivate limited company
Industry
PredecessorAmLife Insurance Berhad
Founded30 April 2014; 7 years ago (2014-04-30)
Headquarters
Menara AmMetLife
Jalan Lumut, Kuala Lumpur
,
Malaysia
Key people
Products
Parent
Websitewww.ammetlife.com
AmMetLife Takaful Berhad
TypePrivate limited company
Industry
PredecessorAmFamily Takaful Berhad
Founded30 April 2014; 7 years ago (2014-04-30)
Headquarters
Menara AmMetLife
Jalan Lumut, Kuala Lumpur
,
Malaysia
Key people
Products
  • Family takaful
Parent
Websitewww.ammetlife.com/takaful/

AmMetLife is the name of Malaysian life insurance company, AmMetLife Insurance Berhad, and family takaful operator, AmMetLife Takaful Berhad. The companies are joint ventures between AmBank Group and New York-based MetLife. They offer a range of insurance and wealth protection products through AmBank's branch offices.[1]

AmMetLife was formed when MetLife agreed to purchase stakes in AmBank Group's life insurance and family takaful businesses for RM812 million.[2] The deal closed in April 2014.[3] MetLife has 50 percent plus one share in AmMetLife Insurance and 50 percent less one share in AmMetLife Takaful.[4] As part of the deal, AmMetLife has an exclusive 20-year agreement to sell insurance and takaful products through AmBank and AmIslamic Bank.[2]

As of March 2015, AmMetLife had an agency force of 1,100 and had the 10th highest market share among 14 life insurers in Malaysia.[1]

References[]

  1. ^ a b "AmMetLife aims 5th position by 2019". The Sun. 2015-03-30. Retrieved 2015-08-23.
  2. ^ a b Singh, Rupinder (2013-12-20). "MetLife to acquire AMMB's life insurance and family takaful arm for RM812m". The Sun. Retrieved 2015-08-23.
  3. ^ Annual Report 2015, AMMB Holdings Berhad, 2015-03-31, retrieved 2015-08-23
  4. ^ Poo, Cheryl (2014-07-31). "AMMB banking on tie-ups with MetLife, Kurnia and MBf Cards to grow divisions". The Star. Retrieved 2015-08-23.

External links[]

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