Zurich Insurance buys 80% stake in Indonesian P&C insurer Adira Insurance
Zurich Insurance Group has completed its previously announced 80% stake acquisition in Asuransi Adira Dinamika Insurance (Adira Insurance), an Indonesian property and casualty insurer. The Swiss insurer acquired the stake from Bank Danamon Indonesia and an undisclosed minority stakeholder in a deal worth up to IDR6.15 trillion (about $414 million at the time of signing […]