Indonesia to merge 3 state firms into mega reinsurance entity

Indonesia to merge 3  state firms into mega reinsurance entity

Signing Ceremony of Reinsurance SOEs merger witnesses by Minister of SOEs Rini Soemarno and Executive Chair of Financial Services Agency (OJK) Firdaus Djaelani - Photo by Vincencia NLS

Indonesia’s State Own Enterprises (SOEs) ministry is planning to merge three reinsurance companies to create an entity with a combined capital of Rp 10 trillion ($714.29 million) by 2017.

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