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Zurich Completes Acquisition of Indonesian Life Insurer

Posted on 01 Nov 2010

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Zurich Financial Services Group (Zurich) announced today that its subsidiary Zurich Insurance Company Ltd has completed the acquisition of 80% of PT Mayapada Life from the Mayapada Group, which will continue to hold 20% of the company.

Through this transaction, Zurich establishes its presence in the Indonesian life insurance market, one of the fastest growing life insurance markets in Asia.

The transaction was first announced on June 7, 2010.