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AmGeneral Insurance

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Year established

2008

Location

Kuala Lumpur Malaysia

Primary Industry

Insurance

About

Based in Malaysia, and founded in 2008, AmGeneral Insurance is a general insurance services provider. The company was formed by the combination of two entities: AmG Insurance Berhad (AmG) and Kurnia Insurans Berhad (KIMB). In July 2022, Liberty Mutual Insurance acquired AmGeneral Insurance Berhad from AmBank Group and Insurance Australia Group. As of 2022, the company’s CEO is David Tan. AmGeneral Insurance provides a wide range of insurance services such as motor vehicle accident insurance, fire insurance, personal accident insurance, home owner and householders' insurance, medical insurance, and more. The company sells its insurance online and through stores, representatives, and dealers. It also markets its goods through its two retail brands, AmAssurance and Kurnia Insurans. The company generated revenue of RM 232.5 million in the financial year 2020.
Primary Industry
Insurance
Sub Industries
Health Insurance, Personal Insurance
Website
www.amgeneralinsurance.com
Verticals
InsureTech
Total Amount Raised
Subscriber access only

Deals

Deals Type
LP Direct
Deal Status Target (s) Deal Date Investor(s) Seller(s) Deal size (Mn) Enterprise value (Mn) Post-money valuation (Mn) EBITDA multiple (x) Revenue multiple (x) Lead partner (s)
Completed AmGeneral Insurance 28 Jul 2022
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