Great Eastern to acquire QBE’s Indonesia general insurance arm
Great Eastern Holdings | December 12, 2018
Great Eastern Holdings, through its wholly owned subsidiary Great Eastern General Insurance, has agreed to purchase 100% of PT QBE General Insurance Indonesia (QBE Indonesia). The deal, valued at around US$28 million, is expected to be completed in the first half of 2019, pending approval from Indonesia’s financial regulator, Otoritas Jasa Keuangan (OJK), and the Monetary Authority of Singapore.