Zurich Insurance completes acquisition of Indonesian insurer

Posted On: Nov. 29, 2019 5:17 AM CST

Zurich Insurance Group Ltd. has completed its acquisition of Indonesian insurer Asuransi Adira Dinamika PT for around $414 million, Reuters reported. Zurich bought 80% of the company from Adira's parent firm PT Bank Danamon Indonesia Tbk, making Zurich the largest international property/casualty insurer in Indonesia.