A recent very large loss (estimated at RM95.5 million) stemming from damages to a transformer over at a Independent Power Producer (IPP) GB3 station at Pantai Remis, Perak did raise some eyebrows…. In just about half the calender year of 2009, two major losses were reported giving a total claims amounting to RM110.9 million. Comparing the previous...
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In 2008 reinsurers were focusing on China as the powerhouse for substantial premium growth. Malaysian reinsurers too refused to be left out in pursuing this glorious path, so it seems. Before the lunar New Year, a substantial and devastating snowstorm ravaged Hunan, Hubei, Guizhou, Jiangxi, Anhui provinces and Guangxi Zhuang Autonomous Region resulting in more than 770,000 insurance...
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