| Who Are Our Insurance Partner?
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ACE Jerneh Insurance Berhad [ACE Jerneh] in Malaysia is a member of the
ACE Group of Com- panies, one of the world's largest multiline prop- erty
and casualty insurers. With operations in 53 countries, ACE provides commercial
and per- sonal property and casualty insurance, personal accident and supplemental
health insurance, rein- surance and life insurance to a diverse group of
clients.
ACE Limited, the parent company of the ACE Group, is listed on the New
York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index.
ACE's core operating insurance compa- nies are rated AA- for financial
strength by Stan- dard & Poor's and A+ by A.M. Best. This rating is
indicative of ACE's strong capital base and finan- cial stability; key
attributes in the business of risk.
ACE Jerneh provides a comprehensive range of general insurance solutions
through a multi- channel distribution model catering to a wide range of
customers including corporates, the commercial middle market and individuals.
With a strong underwriting culture as the foundation for ACE Jerneh, the
company offers responsive ser- vice and market leadership built on financial
strength through its 23 branches and more than 2,000-strong agency force.
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Allianz Malaysia Berhad ("AMB") is part of Allianz Group in Germany.
Allianz Group was founded in 1890 in Germany. With approximately 144,000
employees worldwide, the Allianz Group serves more than 78 million customers
in about 70 coun- tries.
Allianz officially stepped foot in Malaysia in 2001 when it became the
controlling shareholder of Allianz General Insurance Malaysia Berhad ("AGIM").
In 2007, the general insurance busi- ness of AGIM was transferred to its
wholly-owned subsidiary, Allianz General Insurance Company (Malaysia) Berhad
("Allianz General"). Following the completion of the transfer
of general insur- ance business, AGIM changed its name to AMB. AMB, an
investment holding company has two wholly-owned subsidiaries - Allianz
Life Insurance Malaysia Berhad ("Allianz Life") and Allianz Gen-
eral.
Allianz General is one of the leading general in- surers in Malaysia and
has a broad spectrum of services in motor insurance, personal lines, small
to medium enterprise business and large indus- trial risks. Allianz Life
offers a comprehensive range of life and health insurance and investment
-linked products and is one of the fastest growing life insurers in Malaysia.
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Multi-Purpose Insurans Bhd (MPIB), is a wholly- owned subsidiary of Multi-Purpose
Capital Hold- ings Bhd, which in turn is a wholly-owned subsidi- ary of
MPHB Capital Berhad ("MPHB Capital"), a public listed company.
MPHB Capital was incor- porated in 2012 and listed on the Bursa Malaysia
Securities Berhad on 28 June 2013.
MPIB is licensed by Bank Negara Malaysia under the Insurance Act 1996.
Our core business is un- derwriting of general insurance business offering
innovative insurance products and services which can be customized to the
specified needs of our individual and corporate clients.
Established locally in 1973, MPIB has 40 years' of experience in serving
commercial, institutional and individual customers from across Malaysia.
of RM60 million.
MPIB's dedicated team of staff, many of whom have provided years of loyal
service to the com- pany are there to ensure continuity and consis- tency
in the delivery of reliable and quality service to its customers. MPIB's
policy is to ensure that all legitimate claims are promptly and fairly
set- tled.
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Lonpac Insurance Bhd (Lonpac), a wholly owned subsidiary of LPI Capital
Bhd, was incorporated in Malaysia on 12 July 1994. It commenced under-
writing of general insurance business after a ra- tionalisation scheme
on 1 May 1999. The paid-up capital of the Company is RM200,000,000 com-
prising of 200,000,000 ordinary shares of RM1.00 each.
The Company operates through 21 branches in Malaysia and a foreign branch
in Singapore to serve the clients better.
In September 2005, the Malaysian Rating Corpo- ration Berhad (MARC) has
reaffirmed the general insurance strength rating of Lonpac at "AA",
re- confirming its financial stability and reliability in the insurance
industry.
In October 2013, the A.M. Best Asia-Pacific Lim- ited has affirmed the
financial strength rating of A- (Excellent) and the issuer credit rating
of "a-" of Lonpac. The rating affirmations reflect Lonpac's adequate
risk-adjusted capitalisation, continuing favorable operating performance
and investment income as well as its good market presence in Malaysia.
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