Mapfre acquires 20% of Indonesian insurer
Mapfre has acquired a 20% stake in Indonesian insurer Asuransi Bina Dana Arta, known as ABDA.
Mapfre, Spain's leading insurer, will become ABDA's "industrial" (commercial) insurance partner. ABDA is predominantly a personal lines player.
ABDA is the10th largest insurer in the Indonesian
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