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Tokio Marine increases shareholding in Indonesian JV to 80%


Japanese insurer Tokio Marine Holdings Inc. has increased its shareholding in Indonesian nonlife insurance joint venture Asuransi Tokio Marine Indonesia from 60% to 80% for 509 billion Indonesian rupiah ($33 million), Asia Insurance Review reported. The transaction was completed through the Japanese insurer’s wholly owned subsidiary, Tokio Marine Asia Pte Ltd.


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