Zurich Insurance Malaysia Berhad (ZIMB) ushered in the new year by transferring its general insurance business to a newly-incorporated entity, known as Zurich General Insurance Malaysia Berhad (ZGIMB).
The transfer covers employees, assets and liabilities, distributors and contracts under the general insurance business. Additionally, David Fike, who was formerly President of General Insurance of ZIMB, has now been appointed the Chief Executive Officer (CEO) of ZGIMB.
To note, there will be no changes to the terms and conditions of the general insurance policies previously issued by
ZIMB. However, from 1 January onwards, all claims incurred from existing and new general insurance policies will be managed by ZGIMB.