Zurich Takaful Malaysia Berhad [Formerly known as MAA Takaful Berhad] is a leading provider of Takaful products in Malaysia, recording approximately RM528.0 million in gross earned contributions in 2015 and has over 7,000 agents in its agency force. On 4 May 2016, the Zurich Insurance Company Ltd entered into a conditional Share Purchase Agreement to acquire 100% of the share capital of MAA Takaful Berhad from MAA Group Berhad [Formerly known as MAA Holdings Berhad] and Solidarity Group Holding BSC (Closed) of Bahrain. On 1 July 2016, MAA Takaful Berhad became part of the Zurich Insurance Group (“Zurich”), one of the world’s leading insurance groups. The acquisition marks a significant milestone for Zurich in Malaysia,an exciting market where Zurich is committed to broadening its solutions and contributing to the growth of the Takaful industry.
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