Alliance Bank’s 15-Year Bancassurance & Bancatakaful Agreement With Zurich Malaysia

Ashurst advised Alliance Bank Malaysia Berhad and its subsidiary Alliance Islamic Bank Berhad (together Alliance Bank) on its exclusive 15 year bancassurance and bancatakaful agreements with Zurich General Insurance Malaysia Berhad and Zurich General Takaful Malaysia Berhad (together Zurich Malaysia),

The arrangement will see Alliance Bank strengthen its position in providing end-to-end financing solutions for both individuals and the small and medium enterprise community.

Alliance Bank Malaysia Berhad provides banking and related financial services in Malaysia.

Alliance Islamic Bank Berhad provides Islamic banking and financial services in Malaysia.

Zurich Life Insurance Malaysia Berhad underwrites life insurance products in Malaysia. It offers a range of participating and non-participating whole life, term assurance, endowments, medical and health riders, and annuity products, as well as investment-linked products.

Zurich Takaful Malaysia Berhad provides insurance solutions.

The Ashurst team was led by Tracy Whiriskey (Picture), and assisted by partners Rehana Box and Adam Levitt and associates Jennifer Goh and Viktoria Grohman, as well as the team at Adnan Sundra & Low.

Involved fees earner: Jennifer Goh – Ashurst; Viktoria Grohmann – Ashurst; Adam Levitt – Ashurst; Tracy Whiriskey – Ashurst;

Law Firms: Ashurst;

Clients: Alliance Bank Malaysia Berhad; Alliance Islamic Bank Berhad;

Author: Michael Patrini