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ACE Limited Acquires 80% of Asuransi Jaya Proteksi in Indonesia

Tuesday, 18 Sep 2012 04:05pm EDT 

ACE Limited announced that the Company has acquired 80% of PT Asuransi Jaya Proteksi in Indonesia. Jakarta-based Asuransi Jaya Proteksi is one of Indonesia‚Äôs general insurers and is 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 distribution system throughout Indonesia, including a network of branch offices, partnerships with local banks and multi-finance companies, and relationships with brokers and agents. Financial terms of the transaction were not disclosed. 

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23 Apr 2014