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
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Why Florida Property Insurance Rates Might (and Might Not) Keep Falling 
Camp Mystic, Where Texas Floods Killed 28, Files Bankruptcy 
US House Passes Bill to Extend Federal Terrorism Backstop Through 2034 
What Happens to Property Pricing in ’27, Insurance, Reinsurance Execs Ask 
