Hanoi Re upgraded to bbb+ ICR by AM Best

Vietnam-based reinsurer Hanoi Re has been upgraded to a Long-Term Issuer Credit Rating (ICR) of “bbb+” from “bbb” by AM Best, marking a key milestone as the company enters its 15th year of operations.

At the same time, AM Best has affirmed Hanoi Re’s Financial Strength Rating at “B++ (Good)” and National Scale Rating at the highest level “aaa.VN”.

The rating action, announced on 19 March 2026, reflects the reinsurer’s continued progress in strengthening its capital position, maintaining underwriting discipline and enhancing its overall risk management framework. 

Hanoi Re has also been steadily expanding its international business and deepening cooperation with global brokers and partners, supporting its longer-term diversification strategy.

Commenting on the upgrade, Mr. Trịnh Anh Tuấn, CEO of Hanoi Re, said:
“This upgrade is a meaningful milestone for Hanoi Re, especially as we celebrate our 15th anniversary. It reflects the trust and long-term support of our clients and partners, as well as the strong commitment of our team to disciplined underwriting and sustainable growth.”

He added:
“We see this as an important step in our journey towards achieving a higher credit profile, and we remain focused on strengthening our capabilities, expanding our international presence and delivering sustainable value to our partners.”

The upgrade positions Hanoi Re more strongly within the regional reinsurance market as it continues to advance towards its long-term ambition of achieving an A- rating.

More details at:  AM Best Upgrades Long-Term Issuer Credit Rating of Hanoi Reinsurance Joint Stock Corporation