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ACE has announced that the company has acquired 80% of PT Asuransi Jaya Proteksi in Indonesia.
“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.” |
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