Warburg Pincus acquires majority stake in Mapfre's Indonesian insurance units

Warburg Pincus acquires majority stake in Mapfre's Indonesian insurance units

Jakarta, Indonesia. Photo by Afif Kusuma on Unsplash

US private equity powerhouse Warburg Pincus has agreed to acquire majority stakes in the two Indonesian units of Spanish insurance multinational Mapfre for $62.9 million.