Zurich-based Ace Group has acquired an 80% interest in Indonesian general insurer PT Asuransi Jaya Proteksi.

The Jakarta company is one of Indonesia’s top 10 general insurers and a leader in personal lines. Its products include property, motor, accident and health, and commercial lines such as marine cargo and liability.

Ace says PT Asuransi Jaya Proteksi has “an extensive distribution system throughout Indonesia”, including branch offices, partnerships with local banks and finance companies and relationships with brokers and agents.

“Indonesia’s strong economic and demographic trends provide an ideal environment for sustained growth across all our general and life insurance businesses,” Ace Asia Pacific Regional President Damien Sullivan said.