PVI Reinsurance Joint Stock Corporation (PVI Re) has officially changed name to Hanoi Reinsurance Joint Stock Corporation (Hanoi Re)

PVI Reinsurance Joint Stock Corporation (PVI Re – Ticker symbol: PRE) has officially announced that it has been granted license number 86/GPĐC5/KDBH by the Ministry of Finance to change the company's name to Hanoi Reinsurance Joint Stock Corporation (Hanoi Re) effective from August 3, 2023.

PVI Reinsurance Corporation (PVI Re) was established in 2011 with the mission of becoming a professional and reputable reinsurer in the international market. Through substantial investment from PVI Holdings, PVI Re has continuously grown and solidified its position as one of the leading reinsurance companies in Vietnam and the Southeast Asian region. In 2023, The General Meeting of Shareholders of PVI Re has continued to agree on the plan to change the company's name to Hanoi Reinsurance Joint Stock Corporation (Hanoi Re).

“After 12 years of establishment and development, PVI Re has become one of the leading reinsurers in Vietnam and the region. With the desire for the company to continue its development at new heights, the shareholders have decided to change the name from PVI Re to Hanoi Re. We are pleased to announce to our partners and shareholders that the Ministry of Finance has officially approved the company's name change. With the name of Hanoi Re, the company aims to continue delivering value and trust to customers and shareholders.” – Mr. Phung Tuan Kien, Chairman of the Board of Directors of Hanoi Re stated in the announcement.

Mr. Jens Holger Wohlthat, Chairman of the Board of Directors of PVI Holdings, the majority shareholder of Hanoi Re, shared: “PVI Re, now Hanoi Re, has become a leading reinsurer in the Vietnamese market and has a good reputation in the international market. We strive for Hanoi Re to further develop on a global scale. So far, PVI Holdings, as well as it’s major shareholders HDI and PVN, will continue to fully support Hanoi Re with capital, technical knowledge, and other assistance to further strengthen the company's position in order to achieve a stable, sustainable and successful development. PVI Holdings commits to continue being the majority shareholder of Hanoi Re.”

Hanoi Re will inherit the values and achievements of PVI Re after 12 years of operation, as well as all the rights and obligations of the business. It is known that apart from the rebranding, there will be no other changes in the organizational structure and business operational model of Hanoi Re (formerly known as PVI Re).