PVI Reinsurance Joint Stock Corporation 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, effective from August 3, 2023.
Commenting on the change, Phung Tuan Kien, Chairman of the Board of Directors of Hanoi Re, said, “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.”
Jens Holger Wohlthat, Chairman of the Board of Directors of PVI Holdings, the majority shareholder of Hanoi Re, commented, “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 its 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.”
According to the firm, the rebranded 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.
Aside from the rebranding, there will be no other changes in the organisational structure and business operational model of Hanoi Re.
