Zurich Financial Services Group announced that its subsidiary Zurich Insurance Company Ltd has completed the acquisition of 80 percent of PT Mayapada Life from the Mayapada Group, which will continue to hold 20 percent of the company.
“Through this transaction, Zurich establishes its presence in the Indonesian life insurance market, one of the fastest growing life insurance markets in Asia,” said the bulletin.
The transaction was first announced on June 7, 2010.
Source: Zurich
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