The advisor of state-owned insurance firm, PT Asuransi Jiwasraya, PT Mandiri Sekuritas announced the state lender, Bank Tabungan Negara (BTN) and PT Taspen Life, a subsidiary of pension fund PT Taspen, had acquired PT Jiwasraya Putra. As reported, Jiwasraya’ inability to pay policyholder claims caused a negative equity position.
