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International

German insurer Ergo to acquire 40% stake in Thailand's Thaisri Insurance

May 30, 2016 Reprints

German insurer Ergo Versicherungsgruppe A.G. has entered into an agreement to buy 40% of Thailand's Thaisri Insurance Public Co. Ltd., reports The Nation.

The purchase is expected to close in three months. Thaisiri said the partnership would help it in advanced technology transfer as well as aid in the development of procedures and management strategies of international standards.

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German insurer Ergo to acquire 40% stake in Thailand's Thaisri Insurance

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