“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Thursday, January 28, 2010

DAVOS-Zurich Financial eyes Indonesia, Malaysia growth

Reuters, Wed Jan 27, 2010 7:55am EST

DAVOS, Switzerland, Jan 27 (Reuters) - Swiss Insurer Zurich Financial Services Ltd (ZURN.VX) is exploring ways to take a controlling stake in its Malaysian joint venture and grow its business in Indonesia, its Asia Pacific head said on Wednesday.

Europe's fourth-largest insurer by market value gets most of its Asian-derived revenues from former British colony Hong Kong, but mainland China and other markets in southeast Asia should get a larger piece of the pie, Geoffrey Riddell said.

"The main areas we are focused on are Malaysia and Indonesia," he told Reuters on the sidelines of the World Economic Forum in the Swiss mountain resort of Davos.

Zurich Financial now holds a 40 percent stake in a joint venture offering general and life insurance in Malaysia, but was exploring ways to take control of that business, he said.

"We would like to have control but we want to get to control in a way that is comfortable to the parties involved. It could take time. It could involve so many different things," he said, adding that the Zurich Financial could take a stake of up to 70 percent according to domestic rules.

Neighbouring Indonesia offers the greatest growth potential for the insurer, which only has a small, wholly-owned general insurance business there, he said.

"We'd like to be a significant general insurance and life player and there are multiple ways of getting there on both sides. We are looking at all the options," he said.

"We may acquire, it may be distribution agreements, it may be buying distribution, it is really at the strategic review stage," said Riddell, who is based in Zurich.

Zurich Financial has said it will expand its life insurance unit headcount in Hong Kong by 1,400 in the coming years, bringing the total number of agents to 2,400 as it accelerates business development in the city.

Asia contributes about 7-8 percent of the company's total sales, with Hong Kong accounting for half of regional sales.

"The other markets will have to grow very fast to catch up because we are continuing to grow in Hong Kong," he said. (Reporting by Tamora Vidaillet; Editing by Lin Noueihed)

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