News - Malaysia: Tokio Marine sells stake in takaful affiliate

Source: Asia Insurance Review | Apr 2011

Tokio Marine Holdings announced the sale of its entire 35% stake in Hong Leong Tokio Marine Takaful Bhd (HLTMT) to Hong Leong Group (HLG). HLTMT is Tokio Marine Group’s (TMG) Malaysia takaful joint venture with HLG, with gross contributions of RM$62.8 million (US$20.7 million) between July 2009 and June 2010.

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News - Malaysia: Tokio Marine sells stake in takaful affiliate

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