Singapore's Great Eastern to acquire Indonesian insurance firm for $28m

Singapore's Great Eastern to acquire Indonesian insurance firm for $28m

(L-R) QBE mergers and acquisitions head Ed Rainsford; QBE group corporate development head Joshua Freitas; Great Eastern Holdings CFO Ronnie Tan and Great Eastern Holdings group CEO Khor Hock Seng.

Singapore-headquartered insurance giant Great Eastern Holdings is acquiring Indonesian insurance firm QBE General Insurance Indonesia (QBE Indonesia) for $28 million, it said in a statement on Tuesday.

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