AmMetLife

AmMetLife Takaful Berhad
Type	Private limited company
Industry	Takaful;
Predecessor	AmFamily Takaful Berhad
Founded	30 April 2014
Headquarters	Menara AmMetLife; Jalan Lumut, Kuala Lumpur, Malaysia
Key people	Azman Hashim (Chairman); Mohamad Salihuddin (CEO);
Products	Family takaful;
Parent	AMMB Holdings Berhad (50% + 1 share); MetLife International Holdings Inc. (50% – 1 share) (MetLife);
Website	www.ammetlife.com/takaful/

AmMetLife Insurance Berhad
Type	Private limited company
Industry	Insurance;
Predecessor	AmLife Insurance Berhad
Founded	30 April 2014
Headquarters	Menara AmMetLife; Jalan Lumut, Kuala Lumpur, Malaysia
Key people	Azman Hashim (Chairman); Ramzi Toubassy (CEO);
Products	Life insurance;
Parent	MetLife International Holdings Inc. (50% + 1 share) (MetLife); AMMB Holdings Berhad (50% – 1 share);
Website	www.ammetlife.com

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

"AmMetLife aims 5th position by 2019". The Sun. 2015-03-30. Retrieved 2015-08-23.
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.

External links

Official website

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[aim-1] "AmMetLife aims 5th position by 2019". The Sun. 2015-03-30. Retrieved 2015-08-23.

[agreement-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.

[AMMB_AR_2015-3] 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.