Zurich Financial Services Group (Zurich) has completed the acquisition of 100% of the share capital of Malaysian Assurance Alliance Berhad (MAAB), a Malaysian composite insurer.
The acquisition of MAAB is another milestone in Zurich’s emerging-market strategy. It expands Zurich’s presence in the Asia-Pacific region and positions the Group for further profitable growth.
Malaysia is a highly attractive market with significant economic potential and a young and dynamic population. The transaction was first announced on June 20, 2011.