TITLE

Mitsui Sumitomo buys 50% stake in Indonesian life insurer

PUB. DATE
June 2011
SOURCE
Asia Insurance Review;Jun2011, p44
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Mitsui Sumitomo Insurance Co. Ltd. (MSI) has reached an agreement to become a 50% shareholder of PT Asuransi Jiwa Sinarmas (Sinarmas Life), subject to regulatory approvals. It is stated that Sinarmas Life is a leading Indonesian life insurer under one of the largest business groups in the country. MSI will be actively involved in the management by sending board members and staff upon completion of the deal.
ACCESSION #
67503464

 

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