By Jason Ng

KUALA LUMPUR, Malaysia--Malaysian's AMMB Holdings Bhd. (1015.KU) Monday ended its joint venture with Resolution Ltd. (RSL.LN) with the repurchase of the latter's 30% holdings in two insurance units.

It paid 245 million ringgit ($80.6 million) to Resolution Ltd. (RSL.LN) unit Friends Life Group plc for its stakes in AmLife Insurance Bhd. and AmFamily Takaful Bhd. It now wholly owns both units.

Friends Life bought into Shariah insurer AmFamily Takaful in 2011 and AmLife in 2008.

Write to Jason Ng at jason.ng@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires