|
General Information
A professional reinsurer with Baht 2.06 billion in equity, Thai Re has the financial strength and market knowledge to provide high quality reinsurance services.
Our customer focus however is what differentiates us from other reinsurers operating in the Thai market and is at the heart of our organization. Our recent integration of four departments into business units has made our organization even more adept at actively responding to our customers' changing needs. It is through our dedicated business units that we will build long lasting business relationship.
Facilitating risk transfer is our business and we are thoroughly committed to it with our capital strength and expertise. Our aim is to work hand in hand with business partners in order to simplify process and lower cost. In addition, Thai Re also offers services such as risk management consulting, technical assistance, marketing support, education and information services.
KEY FACTS AND FIGURES
Year |
2008 |
Baht |
 Total capitals
|
2.058 |
Billion |
Total assets |
4.849 |
Billion |
Gross premium |
5.072 |
Billion |
Net premium |
3.454 |
Billion |
Net profit |
473 |
million |
Employees |
175 |
Persons |
Four Key Elements of Success
Customer Focus
Thai Re offers expertise in a range of products and enduring solutions through highly focused customer service backed by excellent technical capabilities.
Organizational Effectiveness
Thai Re encourages an atmosphere that rewards innovation, compassion, achievement, the highest ethical and professional standards and teamwork.
Financial Security
Thai Re provides consistent capacity to its customers by ensuring financial security through prudent underwriting and conservative investments.
Shareholder Value
Thai Re is committed to providing value in return for the investments of shareholders.
Milestones
| 1978 |
Registered as a company aurthorized to engage in both Life
and Non-Life reinsurance with capital of Baht 30 million. |
| 1979 |
Officially commencing reinsurance operations. |
| 1984 |
Increased paid-up capital to Baht 45 million. |
| 1986 |
Increased paid-up capital to Baht 60 million. |
| 1993 |
Became an authorized company in the Stock Exchange of Thailand ( SET )
with a paid-up capital of Baht 90 million. |
| 1994 |
Increased paid-up capital to Baht 271 million. |
| 1995 |
Increased paid-up capital to Baht 561 million. |
| 1996 |
Entered into a cooperation agreement with SCOR Vie to
promote Life reinsurance business. |
| 1997 |
Commenced a cooperation agreement with Munich Re in order
to service our Non-Life clients with heightened professionalism. |
| 1999 |
Increased paid-up capital to Baht 841 million. |
| 2000 |
Officially seperating the Life and Non-Life operation as
individually registered companies. |
| 2001 |
Increased paid-up capital to Baht 1.19 billion. |
| 2002 |
The International ratings agency Standard & Poor's upgraded
the financial strength rating of the company to
BBB (Good), previously BBpi.
The Securities & Exchange Commission awarded
the company with the Disclosure Award which was
in recognition for the high standards of transparency.
|
| 2003 |
The International ratings agency Standard & Poor's upgraded
the financial strength rating of the company to BBB (Good) with
possitive outlook, previously stable.
The Securities & Exchange Commission awarded
the company with the Disclosure Award which was
in recognition for the high standards of transparency.
|
| 2004 |
Awarded the “Insurance company whose service benefits the
” Awarded the for the year 2003 by the development
of insurance business” for the year 2003 by the
Insurance Department, Ministry of Commerce.
Awarded from the Stock Exchange of Thailand “Best
Corporate Governance”.
The international ratings agency Standard &
Poor’s upgraded the financial strength rating
of the company to BBB (Good) with positive outlook,
previously stable.
|
| 2005 |
“Distinction in Maintaining Excellent Corporate Governance
Report” and “Nominee for Best Performance – Financials”
Awarded from Stock Exchange of Thailand
The international ratings Standard & Poor’s
approvaled the financial strength rating of the
company to BBB+ (Stable) with positive outlook.
Evaluated by the Thai Institute of Directors as
one of the most outstanding Thai public companies
for the 1st Quartile and to qualify for a position
in the final round for "The Best Board of Directors"
for 2004/2005
|
| 2006 |
Distinction in Maintaining Excellent Corporate Governance
Report and nominated for Best Performance – Financials
award from Stock Exchange of Thailand
Rated by the Thai Institute of Directors as “Very
Good” Thai public companies
The international ratings Standard & Poor’s
affirmed the financial strength rating of the
company to increase from BBB+ (Stable outlook)
to BBB+ (Positive outlook).
|
| 2007 |
Distinction in Annual General Shareholders’ Meeting for 2007
- Financials awarded by The Stock Exchange of
Thailand
The international ratings Standard & Poor’s
has upgraded the long-term local currency counterparty
credit rating (CCR) and Financial Strength Rating
(FSR) to ‘A-‘ (Stable outlook) from ‘BBB+’ (Positive
Outlook) on our company.
Received the Board of The Year for “Distinctive
Practices Awards 2006/2007” from Thai Institute
of Directors or IOD in cooperation with The Stock
Exchange of Thailand, Board of Trade of Thailand,
Federation of Thai Industries, Thai Bankers’ Association,
Thai Listed Companies Association, and Federation
of Thai Capital Market Organizations.
|
| 2008 |
Distinction in Annual General Meeting for 2008 awarded by
the Security and Exchange Commission on the Stock Exchange of Thailand
Rated by the Thai Institute of Directors as “Very Good” corporate
governance company in the Corporate Governance Report of Thai Listed
Companies (CGR) 2008
|
Corporate Group | Organization Structure
Corporate Vision & Mission | Corporate Governance Policy
|
