SNYL opens Manado office

JAKARTA (JP): Sewu New York Life (SNYL), a joint venture life insurance company, officially opened yesterday its branch office in Manado, North Sulawesi.

The insurance company said the Manado office would be its 37th branch in Indonesia and the second in Sulawesi.

The branch opening reflects its commitment to continued expansion in Indonesia, the insurance company said in a statement.

During the first four months of this year, the insurance company, a joint venture between New York Life International and Gunung Sewu Kencana, opened five new offices, consisting of two new branches in Bandung and one each in Kudus, Medan and Manado.

"Sewu New York Life will continue to look for opportunities to expand our business through new branch openings and possible acquisitions," company president C. Donald Carden said.