Tune Insurance buys insurer for IDR82.86 bn
Tune Insurance Holdings Bhd (TIH) has bought a controlling stake in Indonesian general insurer, PT Asuransi Staco Mandiri (ASM), for IDR82.86 billion, to expand its business beyond Malaysia. "The investment in ASM will enable TIH Group to have a controlling interest in a local general insurer in Indonesia, through which...