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MS&AD to buy 50 pct in Indonesia’s Sinar Mas life insurance unit

Posted on 03 May 2011

Japan’s largest property and casualty insurer, MS&AD , said on Monday it has agreed to buy a 50 pct stake in the life insurance unit of Indonesian conglomerate Sinar Mas for about 67 billion yen ($825 million).
Japanese insurers have been stepping up their overseas expansion and focusing on emerging economies in Asia as they expect growth at home to remain weak given the country’s ageing population……………………………………….Full Article: Source

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