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Get Permit, Axa Indonesia and Mandiri Axa Officially Merged

JAKARTA (TheInsiderStories) - Two insurance firm under French' AXA Group, PT Mandiri AXA General Insurance (MAGI) and PT Asuransi AXA Indonesia (AGI) officially merged, after...

Bank Rakyat Indonesia Issues Rupiah Bond US$354M

JAKARTA (TheInsiderStories) - PT Bank Rakyat Indonesia Tbk (IDX: BBRI) plans to issue local bonds Rp5 trillion (US$354.61 million) in November, said the corporation in Jakarta,...

Indonesia’s Bank Mandiri Plans to Sell 40% Mandiri Axa General Insurance

JAKARTA (TheInsiderStories) - One of the largest bank in Indonesia, PT Bank Mandiri Tbk (IDX: BMRI) plans to sell all shares of PT Mandiri...

Indonesia’s General Insurance Premiums Grow 10% in 2019

JAKARTA (TheInsiderStories) - Indonesian General Insurance Association predicts that general insurance premiums could grow 10 percent this year to Rp 77 trillion (US$5.5 billion),...

Bank Rakyat Indonesia to Issues Bond US$1.38B, Eyes General Insurance

JAKARTA (TheInsiderStories) - State-owned lender, PT Bank Rakyat Indonesia Tbk (IDX: BBRI) plans to release sustainable bonds as much as Rp 20 trillion (US$1.38...

Singapore’s Great Eastern to Acquire 100% of QBE Indonesia Shares

JAKARTA (TheInsiderStories) - Singapore' Great Eastern Holdings Ltd., through its unit, Great Eastern General Insurance Ltd., has entered into a sale and purchase agreement...

Indonesia’s Bank Mandiri Sells 40% of Axa Insurance

JAKARTA (TheInsiderStories) - The largest bank in Indonesia, PT Bank Mandiri Tbk (IDX: BMRI) sold 40 percent of PT Mandiri AXA General Insurance (MAGI)...

Indonesia’s General Insurance and Reinsurance Grew 8.3% in 9M

JAKARTA (TheInsiderStories) - Indonesian general insurance and reinsurance income recorded Rp47.9 trillion (US$3.26 billion) during January to September (9M) of 2018, or grew 8.3 percent compared...