PRESS & MEDIA
October 11th, 2012
 
     
..........
  Investors Trust Assurance enters M'sian mart  
..........
International insurance company, Investors Trust Assurance Spc, has entered the Malaysian market as part of its expansion plans into Asia and the Middle East.

Managing director, Bob Pain said the country has a lot of potential and competitive edge such as geographical location, business-friendly environment and solid and mature regulatory bodies in Bank Negara and Labuan Financial Services Authority.

"Investors Trust Assurance aims to grow a profitable and sustainable business in Asia, with Malaysia to be developed as our regional hub," he said in a statement today.

He said the country has a growing middle class with sizeable income and a high savings mentality and is one of Asia's most thriving insurance markets with a significant number of local and international players.

Licensed and regulated by the Cayman Islands Monetary Authority, Investors Trust Assurance has operations in more than 30 countries with about 50,000 clients mostly from Latin America and Asia Pacific.

The company currently has some US$650 million (RM1.99 billion) in assets under management and this is projected to grow to US$715 million (RM2.2 billion)by year-end.

Its return-on-asset and return-on-equity as of June this year stood at 1.7 per cent and 17.9 per cent, respectively. --


* * *

Investors Trust Asssurance Spc masuk Malaysia

Syarikat insurans antarabangsa, Investors Trust Assurance Spc, kini memasuki pasaran Malaysia sebagai sebahagian rancangan pengembangannya ke Asia dan Asia Barat.

Pengarah Urusannya Bob Pain berkata, negara ini mempunyai banyak potensi dan kelebihan daya saing seperti lokasi geografi, persekitaran mesra perniagaan danbadan kawal selia yang kukuh dan matang di Bank Negara Malaysia dan Lembaga Perkhidmatan Kewangan Labuan.

“Investors Trust Assurance menyasar untuk mengembangkan perniagaan yang menguntungkan dan mapan di Asia, dengan Malaysia akan dibangunkan sebagai hab serantau kami,” katanya dalam satu kenyataan di Kuala Lumpur, semalam.

Beliau berkata, negara ini mempunyai kelas pertengahan yang semakin meningkat dengan pendapatan yang agar besar san mentaliti tabungan yang tinggi serta adalah satu daripada pasaran insurans paling maju di Asia dengan sejumlah besar peserta tempatan dan antarabangsa.

Dilesenkan dan dikawalselia oleh Pihak Berkuasa Kewangan Cayman Island, Investors Trust Assurance menpunyai operasi di lebih 30 negara dengan kira-kira 50,000 pelanggan yang kebanyakannya dari Amerika Latim dan Asia Pasifik.

Syarikat itu kiti mempunyai aset di bawah pengurusan kika-kira AS$650 juta (RM1.99 bilion), dan ia dijangka meningkat kepada AS$175 juta (RM2.2 bilion) menjelang akhir tahun ini.


* * *

Source: Berita Harian Sdn. Bhd - Business Edition, Page 4 - October 11th, 2012 & the Business Times Website.
 
‡Investors Trust Administration, LLC does not offer investment advice or make recommendations regarding investments. You should consult your own tax, legal or investment professional to assist in your financial decisions.  Investors Trust Administration solely provides administrative and clerical support to Investors Trust Assurance, SPC and its Investors Trust products