Century-Old Indonesian Insurer Said to Explore $1 Billion Sale

Updated on
  • Bumiputera 1912 working with bank to identify potential buyers
  • Firm seeks to meet obligations of over 5 million policyholders

AJB Bumiputera 1912, the century-old Indonesian life insurer, is exploring a sale of its business to an overseas investor as it seeks to meet obligations of its more than 5 million policyholders, people with knowledge of the matter said.

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