Aetna sets up firm here

Aetna sets up firm here

JAKARTA (JP): PT Danamon International and Aetna Life
Insurance Company of the United States have established a joint
venture insurance company in Indonesia with a paid-up capital of
Rp 22.5 billion (US$10.1 million).

Michael A. Stephen, the president of Aetna Life, was quoted by
Antara as saying on Tuesday evening that ownership in the company
was divided equally Danamon and Aetna.

The executive said the new firm would operate in life
insurance and planned to open four offices in Jakarta, one in
Surabaya, East Java, and one in Bandung, West Java. (hdj)