Lonpac insurance is a wholly‑owned subsidiary of LPI Capital Bhd, an investment holding company listed on Bursa Malaysia. LPI Capital is itself a subsidiary of Public Bank Berhad. Just like its parent company Lonpac is known a prudent company.
The company offers a range of general insurance products These include motor insurance, fire and property insurance, liability insurance, marine and cargo insurance, travel insurance, and business insurance.
The 2026 Annual General Meeting (AGM) for Lonpac’s parent company, LPI Capital Bhd, was held on 8 April at Shangri‑La Hotel Kuala Lumpur in Malaysia with an online participation option. It was conducted in a hybrid format allowing both in‑person and online attendance.
Some shareholders inquired about the status of the Teh family’s shareholding in Public Bank, which is being gradually reduced to comply with regulatory limits. Management stated that they are exploring options to trim the stake, noting complexities such as market conditions and geopolitical factors. They also mentioned the possibility of applying to Bursa Malaysia for an extension if needed.
Other s also questioned why the gross value of claims increased. Management replied was due to flood claims which was a hot topic last year.
Attendees received a RM50 Touch n Go ewallet pin as a doorgift.
πLinks