Company Milestone

Timeline

2019
  • The Fitch Ratings assigned Thai Re’s its International Insurer Financial Strength (IFS) Rating of “A-”. (Strong), with Stable outlook.
  • The Company was rated “Very Good” in the Corporate Governance Report of Thai Listed Companies (CGR) in 2019, published by the Thai Institute of Directors (IOD).
  • In 2019 the Company received the certificate “Gold Level” from the Happy Provident Fund Company Award jointly organized by the Securities and Exchange Commission, The Stock Exchange of Thailand, the Association of Investment Management Companies, and the Association of Provident Funds since the Company has promoted and educated the employee regarding the financial and saving for retirement plan.
  • Thaire Services Co., Ltd. (THRES), the subsidiary of the Company, purchased shares of THREI representing 51.0 percent of the total paid-up shares resulting in indirect shareholding in THREI of the Company increased to 100 percent.
  • The Company reduced its registered capital from 1 THB to 0.88 THB per share
2019
  • The Fitch Ratings assigned Thai Re’s its International Insurer Financial Strength (IFS) Rating of “A-”. (Strong), with Stable outlook.
  • The Company was rated “Very Good” in the Corporate Governance Report of Thai Listed Companies (CGR) in 2019, published by the Thai Institute of Directors (IOD).
  • In 2019 the Company received the certificate “Gold Level” from the Happy Provident Fund Company Award jointly organized by the Securities and Exchange Commission, The Stock Exchange of Thailand, the Association of Investment Management Companies, and the Association of Provident Funds since the Company has promoted and educated the employee regarding the financial and saving for retirement plan.
  • Thaire Services Co., Ltd. (THRES), the subsidiary of the Company, purchased shares of THREI representing 51.0 percent of the total paid-up shares resulting in indirect shareholding in THREI of the Company increased to 100 percent.
  • The Company reduced its registered capital from 1 THB to 0.88 THB per share
2018
  • The Company reduced its investment in THRELto11.1 percent and reclassified all investment in THREL from “trading” investment to “available-for-sale” investment.
  • The Company was rated “Very Good” in the Corporate Governance Report of Thai Listed Companies (CGR) in 2018, published by the Thai Institute of Directors (IOD).
2017
  • Reduced shareholding in THREL to 15 percent and changed its status to “trading securities” investment.
  • Acquired EMCS shares to become 100 percent shareholding.
  • Liquidate THREB, a subsidiary that the company indirectly held 100 percent through THRES.
  • THRES invested in stakes of Carpool, an insurance technology company.
1991
  • Turned to professional reinsurer.
2016
  • Reduced shareholding in THREL to 18 percent and changed its status to an available-for-sale investment.
  • Acquired shares of THREA to become 100 percent shareholding.
  • Moved THRET to become a subsidiary of THRES.
2015
  • Reduced shareholding in THREL to 25 percent and changed its status to an associated company
2014
  • Increased equity fund to THB 4,215 million and paid all 2012 mega flood claim finished.
  • Reduced shareholding in THREL to 42 percent.
  • Divested Thai Insurers Datanet, an associated company.
2013
  • Listed THREL on the SET and our ownership declined to 51 percent.
2012
  • Raised equity fund to THB 3,512 million after faced with 2011 mega flood and Fairfax become our strategic partner.
2000
  • Separated THREL to provide life reassurance services.
  • Established EMCS to provide E-motor claim service.
1993
  • Listed on the SET to raise equity fund to THB 90 million.
2011
  • Established THREA to provide actuarial consulting services.
2006
  • Established THRES to provide third-party administrative services in both life and non-life insurance services.
2004
  • Established THRET to provide insurance-related training by partner with CII.