JAKARTA (Yosefardi) – The Financial Services Authority’s (OJK) has approved the merger of 3 state reinsurance companies and supports the capital injection by strategic buyers, to boost the combined equity to Rp2 trillion.
Dahlan Iskan, minister of state-owned enterprises (SoE), earlier said his ministry plans to merge 3 state insurance companies; PT Reasuransi Internasional Indonesia (ReIndo), PT Tugu Reasuransi Indonesia (Tugu-Re), and PT Reasuransi Nasional Indonesia (Nas-Re).
That 3 companies will be merged into one entity or holding named PT Asuransi Ekspor Indonesia (Asei). ReIndo is subsidiary of PT Reasuransi Umum Indonesia. Nas-Re is unit of PT Askrindo while Tugu-Re is subsidiary of PT Pertamina and PT Tugu Pratama Indonesia.