Malaysia enforces local ownership rules for insurers: report

Malaysia's central bank has reportedly asked foreign insurers
to ensure that at least 30 percent of their Malaysian units are
owned by domestic shareholders.
Reuters reported that Bank Negara Malaysia has written to
Malaysian insurers that are wholly owned by foreign entities to
insist their parents reduce their stakes to 70 percent or less, in
line with regulation introduced in 2009.
The Malaysian units of Japan's Tokio Marine Holdings and
Hong Kong's AIA Group were reportedly among the recipie