Tokio Marine extends its activities in Southeast Asia
Tokio Marine Holdings is planning on acquiring Thai and Indonesian stakes of Insurance Australia Group (IAG). The transaction includes a 98.6% stake in Thai insurer Safety Insurance for the amount of 40 billion JPY (364.4 million USD) along with a majority shareholding in Indonesian insurer Asuransi Parolamas.
Thanks to these operations, the Japanese insurer is intent on gearing up its operations in South-East Asia, an area of high potential for growth.
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