Zurich Insurance is acquiring an 80 percent stake in Indonesia’s Adira Insurance from PT Bank Danamon Indonesia and a minority investor for at least around $414 million, the Swiss group said on Thursday. Zurich has earmarked Asia Pacific to be a major engine of growth for the group, and Indonesia is a key market for… Continue reading Zurich to Buy Majority Stake in Indonesia’s Adira Insurance
Tag: property & casualty insurance
Insurance Industry Needs to Respond Proactively to Changing Market Dynamics to Benefit from Promising Opportunities
Swiss Re sees some of the current improvements in the overall market environment as a chance for the insurance sector to embrace new market dynamics; for example, the increased use of digital solutions. Swiss Re expects companies that respond proactively with more relevant solutions and services in support of their customers’ goals to benefit most… Continue reading Insurance Industry Needs to Respond Proactively to Changing Market Dynamics to Benefit from Promising Opportunities
Tokio Marine to Invest $360M in African Insurers
Tokio Marine Holdings is about to take a big step into Africa’s insurance market. The Japanese insurer aims to invest about 40 billion yen ($359 million) in a major South African insurance group through which it will sell life and nonlife policies in 50 countries, covering most of the continent. Tokio Marine, which will target… Continue reading Tokio Marine to Invest $360M in African Insurers