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International

Indonesia: Government plans to set up new state-controlled reinsurer

September 16, 2014 Reprints

The government of Indonesia is likely to launch a new state-owned reinsurer in October, reported Asia Insurance Review.

Under the plans, ASEI Re will become Indonesia Re and the other reinsurers PT Reasuransi Internasional Indonesia and PT Reasuransi Nasional Indonesia will be integrated into the new reinsurer, the Jakarta Post reported citing a government official. Following this, ASEI Re's assets would amount to 4.4 trillion Indonesian rupiahs ($370 million) and it will have an equity worth around IDR 1.5 trillion ($126 million).

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Indonesia: Government plans to set up new state-controlled reinsurer

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