Insurance News - ASIA INSURANCE JULY 9
Friday, Jul 09,2010, 6:13:29 PM Click:
An executive briefing on insurance for July 9, 2010, prepared by Asia Pulse , the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
INDONESIAN INSURER JAMSOSTEK TO BUY 30% OF BANK BUKOPIN
JAKARTA - Indonesia's state-owned workers' insurance company PT Jamsostek is closer to owning up to 30 per cent of PT Bank Bukopin Tbk (JSX:BBKP) when the medium sized lender launches rights issue by the end of this year.
Jamsostek has agreed to become the standby buyer of the rights shares and acquire up to 30 per cent of the bank shares, Bukopin President Glen Glenardi said yesterday.
TUGU PRATAMA INDONESIA POSTS 16.25% RISE IN H1 PREMIUM INCOME
JAKARTA - PT Asuransi Tugu Pratama Indonesia (TPI) posted Rp801 billion (US$88 million) in premium income in the first half of this year, up 16.25 per cent from the same period last year.
Tugu Pratama's marketing director M. Jusuf Adi Sofyadi attributed the increase to oil and gas insurance, which contributed 60 per cent or Rp480.6 billion to the total premium income.
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