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Mayer Brown JSM advises CT Corp on forming life insurance joint venture with Prudential in Indonesia

25 July 2017
Mayer Brown JSM announced today that it represented PT CT Corpora (CT Corp), a leading conglomerate in Indonesia, in creating a joint venture with Prudential's Pruco Life Insurance Company to offer life insurance solutions in Indonesia.

The firm advised on CT Corp subsidiary PT Mega Corp's disposal of 49% of the shares in PT Asuransi Jiwa Mega Indonesia, to Pruco Life Insurance Company, subsidiary of US-headquartered Prudential Financial, Inc. CT Corp retains the remaining 51%.

The parties also entered into various agreements to distribute insurance products in the target through a multi-channel distribution strategy to CT Corp's customers.

The joint venture agreement closed on 3 July 2017, and the transaction has been approved by Indonesia's financial services regulator, OJK.

The Mayer Brown JSM team was led by partner Rod Brown, and includes partners Gabriela Kennedy, Pieter de Ridder (tax), Ben Thompson, Richard Tollan and Hong Tran.

Media Contact

  • Florence Ng
    Public Relations Manager
    T +852 2843 2441

Related Information

  • Related People
    Rod Brown
    Partner
    T +65 6327 0636
    Gabriela Kennedy
    T +852 2843 2380
    Pieter de Ridder
    Partner, Mayer Brown LLP
    T +65 6327 0250
    Benjamin Thompson
    T +65 6327 0247
    Richard M. Tollan
    T +852 2843 4551
    Hong Tran
    Partner
    T +852 2843 4233
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