ACE (ACE) Acquires 80% of Asuransi Jaya Proteksi in Indonesia

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ACE Limited (NYSE: ACE) announced today that the company has acquired 80% of PT Asuransi Jaya Proteksi in Indonesia.

Jakarta-based Asuransi Jaya Proteksi is one of Indonesia’s top 10 general insurers and a leader in personal lines. The company offers property, motor, accident and health insurance as well as commercial insurance coverages such as marine cargo and liability insurance and has an extensive distribution system throughout Indonesia, including a network of branch offices, partnerships with local banks and multi-finance companies, and relationships with brokers and agents.

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