Tokio Marine increases shareholding in Indonesian JV to 80%
Posted On: Nov. 25, 2022 9:55 AM CSTJapanese 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.