ACE Limited (NYSE:ACE) and an unknown Indonesian buyer signed a definitive agreement to acquire PT Asuransi Jaya Proteksi for approximately $130 million in cash on June 13, 2012. The transaction is subject to regulatory approval and other closing conditions and is expected to close during the third quarter of 2012. ACE Limited (NYSE:ACE) completed the acquisition of 80% stake in PT Asuransi Jaya Proteksi on September 18, 2012. The remaining 20% will be acquired by the unknown Indonesian buyer by the end of 2012. The transaction size will be approximately $100 million.

ACE Limited (NYSE:ACE) and an unknown Indonesian buyer completed the acquisition of PT Asuransi Jaya Proteksi for approximately $110 million on January 3, 2013.