The proposed merger is expected to strengthen AmGeneral Insurance’s position as one of Malaysia’s top motor insurers and second-largest property & casualty insurer
KUALA LUMPUR, July 21 (Bernama) — AmGeneral Holdings Berhad (“AGHB”), a 51%-owned subsidiary of AMMB Holdings Berhad (“AMMB”), entered into an Implementation Agreement with Liberty Insurance Berhad (“LIB”) today for the proposed sale of its wholly-owned subsidiary, AmGeneral Insurance Berhad (“AGIB”) for approximately RM2,290 million.