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Phatra and Muang Thai to Merge

Bangkok Post Car Insurance Expired
Published by CarInsurance.com News 8:03 AM Jun-20-2007

Jun. 19--Phatra Insurance and Muang Thai Insurance, two non-life insurers controlled by the Lamsam family, plan to merge under a strategy to crack the top five in market share within five years. The new merged company will be the country's seventh-largest, with a 3 percent market share. The report helped push Phatra shares up on the Stock Exchange of Thailand by 9.66 percent to 193 baht in trade worth 16 million baht.....

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