Investment Summary

Fairfax Invests In Asuransi MAG

On June 27, 2016, Fairfax invested in insurance company Asuransi MAG from Paninvest

Investment Highlights
  • This is Fairfax’s 6th transaction in the Insurance sector.
  • This is Fairfax’s 1st transaction in Indonesia.

Investment Summary

Date 2016-06-27
Target Asuransi MAG
Sector Insurance
Investor(s) Fairfax
Sellers(s) Paninvest
Deal Type Stake Purchase

Target

Asuransi MAG

Jakarta, Indonesia
Asuransi MAG is an insurance company involved in providing insurances for vehicle, health, fire, etc. Asuransi MAG was founded in 1980 and is based in Central Jakarta, Indonesia.

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Investor(S) 1

Investor

Fairfax

Toronto, Ontario, Canada

Category Company
Founded 1951
Sector Insurance
Employees15,891
Revenue 28.4B USD (2024)
DESCRIPTION

Fairfax is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. Fairfax’s corporate objective is to achieve a high rate of return on invested capital and build long-term shareholder value. Fairfax was founded in 1951 and is based in Toronto, Ontario.


DEAL STATS #
Overall 7 of 14
Sector: Insurance M&A 6 of 7
Type: Stake Purchase M&A Deals 1 of 3
Country: Indonesia M&A 1 of 1
Year: 2016 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-17 Rouge Media Group

New York, New York, United States

Rouge Media Group is a north american media company connecting brands with millions of consumers on their daily journey out-of-home. Rouge delivers high impact media and marketing opportunities with trusted proprietary access to university students, 18-34 and Women 18+ across North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-18 Allied World Assurance Company Holdings AG

Zug, Switzerland

Allied World Assurance Company Holdings is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions. Allied World offers superior client service through a global network of offices and branches. All of Allied World's rated insurance and reinsurance subsidiaries are rated A by A.M. Best Company, A by Standard & Poor's, and A2 by Moody's, and our Lloyd's Syndicate 2232 is rated A+ by Standard & Poor's and AA- by Fitch.

Buy $4.9B

Seller(S) 1

SELLER

Paninvest

Jakarta, Indonesia

Category Company
Founded 1973
Sector Insurance
Employees11,218
Revenue 11.51T IDR (2024)
DESCRIPTION

Paninvest is an insurance company involved in providing services in the sector of banking, life insurance, general insurance, finance and securities. Paninvest was founded in 1973 and is based in Jakarta, Indonesia.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Indonesia M&A 1 of 1
Year: 2016 M&A 1 of 1