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Ageas gets established in the country

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Magazine Issue: 
Low-cost is dead, long live ultra low-cost [3]
Magazine date: 
Jul 2015

In partnership with the Thai insurer Muang Thai Life Assurance and the Vietnamese bank Military Bank, Ageas, the Belgian insurance company, creates a joint venture in Vietnam.

Called MB Ageas Life, the new entity with a capital of 46 million EUR (50.5 million USD) will underwrite life products through the Military Bank network which has 217 agencies.

Ageas has a 29% stake in the new company while Muang Thai Life Assurance (10%) and Military Bank (61%) share the remaining 71%.

Wed, 19/08/2015 - 13:04

Source URL: https://www.atlas-mag.net/en/article/ageas-gets-established-in-the-country

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