AmMetLife
 | |
| Private limited company | |
| Industry | |
| Predecessor | AmLife Insurance Berhad |
| Founded | 30 April 2014 |
| Headquarters |
Menara AmMetLife Jalan Lumut, Kuala Lumpur, Malaysia |
Key people |
|
| Products | |
| Parent |
|
| Website |
www |
| Private limited company | |
| Industry | |
| Predecessor | AmFamily Takaful Berhad |
| Founded | 30 April 2014 |
| Headquarters |
Menara AmMetLife Jalan Lumut, Kuala Lumpur, Malaysia |
Key people |
|
| Products |
|
| Parent |
|
| Website |
www |
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 2 "AmMetLife aims 5th position by 2019". The Sun. 2015-03-30. Retrieved 2015-08-23.
- 1 2 Singh, Rupinder (2013-12-20). "MetLife to acquire AMMB's life insurance and family takaful arm for RM812m". The Sun. Retrieved 2015-08-23.
- ↑ Annual Report 2015, AMMB Holdings Berhad, 2015-03-31, retrieved 2015-08-23
- ↑ 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.