Printed from

South Korean insurer expands in Guam, Saipan, Papua New Guinea

Posted On: Jul. 2, 2019 5:53 AM CST

South Korea-based DB Insurance Co. Ltd. is buying an 80% stake in three units of Guam-based Century Insurance Co. in Saipan, Papua New Guinea and Guam, Pulse News reported. DB Insurance is buying the stakes from Guam-based conglomerate Tan Holdings as part of its plans to expand its global operations. Under the deal, DB Insurance will merge its existing operations in Guam with Century Insurance' unit.

Read more.