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

Related Information

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