General Insurance Article - ACE completes acquisition of Indonesian insurer


 ACE has announced that the company has acquired 80% of PT Asuransi Jaya Proteksi in Indonesia.
 Jakarta-based Asuransi Jaya Proteksi is one of Indonesia’s top 10 general insurers and a leader in personal lines. The company offers property, motor, accident and health insurance as well as commercial insurance coverages such as marine cargo and liability insurance and has an extensive distribution system throughout Indonesia, including a network of branch offices, partnerships with local banks and multi-finance companies, and relationships with brokers and agents.

 “We are pleased to complete this transaction, diversifying our business in Indonesia with a well-established personal lines insurance franchise, while expanding our accident and health and commercial property and casualty businesses,” said Damien Sullivan, regional president, ACE Asia Pacific. “Indonesia’s strong economic and demographic trends provide an ideal environment for sustained growth across all our general and life insurance businesses.”
  

Back to Index


Similar News to this Story

Car and Home insurance premiums decreases slow down in April
The latest General Insurance Price Index from Pearson Ham Group reveals a continued decline in motor insurance premiums through April 2025 but there a
Call for greater clarity on EIOPAs opinion on AI
Insurance Europe has shared its views on the European Insurance and Occupational Pensions Authority (EIOPA)’s draft Opinion on Artificial Intelligence
Insurers need to adopt TIC instead of APR to manage risk
Insurers need to adopt Total Instalment Costs (TIC) instead of APR to manage risk and competitiveness as home and motor customers increasingly pay mon

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.