On November 15^th 2013, Vietnam National Reinsurance Corporation (VINARE) has organized the ceremony to announce its first credit rating assigned by international rating agency A.M. Best.

Deputy Minister of Ministry of Finance Mr. Tran Xuan Ha; Chief Executive Officer of State Capital Investment Corporation Mr. Lai Van Dao; Deputy Manager of Insurance Supervisory Authority of Ministry of Finance Mr. Pham Dinh Trong; Deputy Manager of Corporate Finance Department Mr. Le Hoang Hai; Deputy Chief Executive Officer of Hanoi Stock Exchange Mr. Nguyen Vu Quang Trung; Vice Chairman of Association of Vietnamese Insurers Mr. Trinh Thanh Hoan attended the ceremony.

In addition, Chief Executive Officer of A.M. Best EMEA & Asia Pacific, local and overseas insurers, reinsurers, media agencies, all of VINARE’s board of directors and staff also attended the ceremony.

Vietnam National Reinsurance Corporation (VINARE) has been assigned with Financial Strength Rating B++ (Good) and Issuer Credit Rating bbb (stable outlook). These ratings were released by A.M.Best Asia – Pacific on 1^st November 2013.

“The ratings reflect VINARE’s solid risk-based capitalization, consistent operating performance, sound liquidity and its strong presence in Vietnam’s non-life reinsurance market,” said A.M.Best.

Some pictures in our Credit Rating Announcement Ceremony. 

Mr. Tran Xuan Ha – Deputy Minister of Ministry of Finance

Mr. Pham Cong Tu, CEO of VINARE received the rating certificate from Dr. Roger Sellek, CEO of A.M. Best EMEA & Asia Pacific. 

(From left to right) Mr. Trinh Thanh Hoan, Vice Chairman of AVI; Mr. Trinh Quang Tuyen, Chairman of VINARE, Dr. Roger Sellek, CEO of A.M. Best EMEA & Asia Pacific; Mr. Pham Cong Tu, CEO of VINARE; Mr. Tran Xuan Ha, Deputy Minister of Ministry of Finance; Mr. Lai Van Dao, CEO of SCIC; Mr. Robert Wiest, Head of Strategy and Operations Swiss Re; Mr. Pham Dinh Trong, Deputy Manager of Insurance Supervisory Authority; Mr. Nguyen Vu Quang Trung, Deputy CEO of Hanoi Stock Exchange