1994-07-12, English, Article, Journal or magazine article edition: Malaysia asks court for OK to close insolvent P/C insurer. (property and casualty) Bangsberg, P.T.

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Physical Description
  • Magazine/​Journal article
Published
  • UBM Global Trade, Inc., 1994 July 12
Language
  • English

Edition details

Title
  • Malaysia asks court for OK to close insolvent P/​C insurer. (property and casualty)
Also Titled
  • Malaysia asks court for OK to close insolvent P/​C insurer.
Appears In
  • Journal of Commerce and Commercial, v400, no.n28265, 1994 July 12, p7A(1) (ISSN: 1088-7407)
Author
  • Bangsberg, P.T.
Published
  • UBM Global Trade, Inc., 1994 July 12
Physical Description
  • Magazine/​Journal article
Subjects
Target Audience
  • Trade
Summary
  • The Malaysian Central Bank has asked for a court order to close the insolvent Mercantile Insurance Sdn. Bhd., Malaysia's largest general insurer. The Malaysian Central Bank exercises control over the country's insurance industry. Mercantile Insurance had an effective insolvency of more than $145 million in 1993. Shareholders were asked to raise money to cover the amount and to suggest reorganization moves, but were unable to do so.
Language
  • English
Database
  • Gale General OneFile
Identifier
  • 15592653

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