Company Information
Hanoi Re, formerly known as PVI Re, was established in 2011 and has since become one of the leading reinsurance companies in Vietnam. The company has achieved steady growth over the years, increasing its charter capital from VND 460 billion at its inception to VND 1,044 billion in 2023, with total assets reaching an impressive VND 6,000 billion. These milestones are a testament to the strong financial foundation that the company has built over time. Officially renaming from PVI Re to Hanoi Re as of August 2023, we aim to pursue further development in the Vietnamese market and worldwide.
Hanoi Re’s solid financial foundation has been recognized by international credit rating organization, A.M Best, which granted the company a B+ financial strength rating in 2012, making it the first reinsurance company in Vietnam to receive such recognition. In 2019, A.M Best further acknowledged Hanoi Re’s development by upgrading its rating to B++. Additionally, Hanoi Re is consistently ranked as a 1A-rated enterprise by the Vietnamese Ministry of Finance, the highest rating for insurance companies in the domestic market. On March 28, 2024, Hanoi Re was reevaluated by A.M Best, adjusting Hanoi Re’s outlook for long-term Issuer Credit Rating (ICR) from stable to positive and reaffirmed financial strength rating at B++ (Good).
As a publicly listed company, Hanoi Re is committed to maintaining transparency in its operations and ensuring that its management practices adhere to international standards. By delivering sustainable growth and profitability, Hanoi Re aims to provide a high and sustainable return on investment for its shareholders.
Hanoi Re places the quality of its services and customer satisfaction at the forefront of its business strategy. The company has effectively combined a professional and experienced workforce with a sustainable development strategy to enhance its reputation in the domestic market and explore potential opportunities in new markets. The company aims to expand its operations in the region and worldwide, with a strong focus on becoming a leading and dynamic player in the Asian insurance market and over 50 countries worldwide. Hanoi Re is also proud to be a trusted partner of leading reinsurance companies and brokers worldwide. Our commitment to delivering superior insurance solutions and risk engineering services to our valued customers, exploring new markets and implementing innovative solutions will continue to drive the company’s growth and success in the future.