Zurich to acquire Adira Insurance

Zurich-to acquire Adira Insurance

Zurich Insurance Group has announced that it has entered into agreements to acquire 80% of PT Asuransi Adira Dinamika (Adira Insurance), a top 10 property and casualty insurer in Indonesia, from PT Bank Danamon Indonesia and a minority investor.

The transaction includes two separate long-term strategic cooperation agreements with Bank Danamon, Indonesia’s fifth-largest bank by market capitalization, and with Adira Finance, the country’s second-largest motorcycle and auto financing solutions provider.

To read the full article from Zurich, including commentary from Chief Executive Officer for Asia Pacific Jack Howell, click the link below….

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