By Andrew Tjaardstra, Insurance Asia News | October 23, 2018
FWD Group has agreed to acquire Commonwealth Bank of Australia’s 80% stake in Indonesian life insurer PT Commonwealth Life for around A$426 million (US$300 million).
By Reuters | October 23, 2018
FWD Group, led by Hong Kong billionaire Richard Li, will buy control of an Indonesian life insurance venture from Commonwealth Bank of Australia for A$426 million (US$300 million) as it seeks to expand across Asia.
Read More »FWD pursues pan-Asia ambitions with deal for CBA’s Indonesia insurance unit