Fairfax Asia Limited has acquired 80% shares of general insurance firm PT Asuransi Multi Artha Guna Tbk (AMAG) from Panin Group for Rp2.2 trillion. Fairfax will then merge AMAG with PT Fairfax Insurance Indonesia to make one of the largest general insurance firms in the country and cut further Panin Group’s ownership in the new entity. To subscribe please click here
