TOKYO: Dai-ichi Life Co, Japan's second-largest life insurer, is keen to further build its presence in Indonesia but is not interested in bidding for a stake in Bank Rakyat Indonesia's (BRI) insurance unit, its president said.
Dai-ichi Life bought 40% of Indonesia's Panin Life for about US$250mil in 2013 - part of a two-pronged M&A strategy that seeks to sow the seeds of future growth in Asia as well as tap developed markets like the United States for more immediate profit contribution.
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