ACR completes Malaysia and takaful subsidiary acquisitions

Asia Capital Re (ACR) has taken full ownership of its Malaysian
and takaful subsidiaries, it announced today.
ACR previously held a 30 percent stake in ACR Malaysia and had a
20 percent holding in ACR Re Takaful.
The acquisitions mean the Kuala Lumpur- and Bahrain-based
entities will now operate as wholly owned subsidiaries of ACR.
Group CEO Hans-Peter Gerhardt commented: "At this juncture
of ACR's evolution and in response to the anticipated long-term
development of our industry, we see the...