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KUCHING: Following the acknowledged contempo acquirement by Sanlam Emerging Markets Proprietary Ltd (SEM) of a 40 per cent absorption in MCIS Zurich Insurance Bhd, and the resultant avenue of Zurich Asia Holdings Ltd (Zurich) as allotment of the broader transaction, MCIS Zurich Insurance Bhd will finer be accepted as MCIS Insurance Bhd (MCIS Insurance).

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SEM, allotment of the Sanlam Accumulation which is a arch banking casework accumulation based in South Africa and with attendance in 11 African countries as able-bodied as India, UK, US, Australia and Malaysia, completed the acquirement of its 40 per cent absorption from Koperasi MCIS Bhd (Koperasi MCIS) on May 5 this year.

SEM will access its absorption to 51 per cent through the binding active action to boyhood shareholders that is currently in progress, or through the acquirement of added shares from Koperasi should the action not crop acceptable boyhood acceptances.

“We are blessed to advertise our change of name and the accession of our new shareholder, SEM. It marks the alpha of a new affiliate in the illustrious 60-year history of the company.

“This puts the contempo ambiguity abaft us and we will face the approaching with aplomb and abide to serve our barter with dedication,” said Kevin Jones, arch controlling administrator of MCIS Insurance.

“Customers with behavior issued beneath the above aggregation name can blow assured that we will abide to honour all benefit, claims and obligations as declared in their aboriginal action arrangement – there are no changes to this,“ Jones stressed.

Over the advancing months, barter will gradually see a change in the company’s branding in agreement of a new logo which will be reflected through branches civic as able-bodied as printed abstracts including receipts, action contracts, business abstracts and so on.

As a beat insurer in Malaysia, MCIS Insurance is assertive to strengthen its bazaar position in the future.

The aggregation is committed to enhance its customers’ acquaintance and advance artefact and account offerings to baby to the different needs of the growing Malaysian population.

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