Fairfax Indonesia to complete merger with insurer by year-end
Posted On: Dec. 6, 2016 5:00 AM CSTPT Fairfax Insurance Indonesia expects to complete its merger with Indonesian insurer PT Asuransi Multi Artha Guna Tbk by the end of the year, The Jakarta Post reports. Fairfax Insurance Indonesia’s portfolio, which includes 17,000 policyholders and 100 insurance agents, would be transferred to Asuransi MAG as the surviving entity after the merger, said Ramaswamy Athappan, chairman of Fairfax Asia Ltd.