Reinsurance News

Asian Re

Asian Re achieves strong growth and credit rating upgrade in 2024: AM Best

29th May 2025

Asian Reinsurance Corporation (Asian Re), a Thailand-based reinsurer providing risk transfer solutions across Asia in Thailand, has shown notable progress in its financial and operational performance during 2024. The company achieved a combined ratio of 84.9%, representing a significant improvement of 15.3% compared to the previous year. Net profit more than doubled, ... Read the full article

Asian Re achieves 76% increase in net profit in 2023 fiscal year

18th June 2024

Asian Reinsurance Corporation (Asian Re), a regional non-life reinsurer, has reported a substantial 76% rise in net profit to USD 3.21 million for the fiscal year 2023, marking a significant milestone in its financial performance. Underwriting and operating performance metrics are expected to improve in the intermediate term as Asian Re ... Read the full article

Asian Re names Satitchaichareon Chairperson

17th June 2024

Bangkok-based Asian Reinsurance Corporation (Asian Re) has announced the appointment of a new Chairperson, Sumalee Satitchaichareon, Deputy Director-General, Fiscal Policy Office, the Ministry of Finance of Thailand. Asian Re is an intergovernmental organisation established in 1979 with the support of the United Nations Economic and Social Commission for Asia and the ... Read the full article

AM Best expects Asian Re’s underwriting and operating performance to improve

14th June 2024

AM Best, a global credit rating agency for the insurance sector, has reaffirmed Asian Reinsurance Corporation (Asian Re), a regional non-life reinsurer, with a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” (Good), both with a positive outlook. AM Best expects that Asian Re’s execution ... Read the full article

Asian Re’s outlook revised to positive by AM Best

19th June 2023

AM Best has revised Asian Reinsurance Corporation's (Asian Re) outlooks to positive from stable, affirming its Financial Strength Rating of B+ (Good) and Long-Term Issuer Credit Rating of "bbb-" (Good), reflecting the company's strong balance sheet strength, marginal operating performance, limited business profile, and appropriate enterprise risk management. AM Best's assessment ... Read the full article

Asian Re chairman Dennis B. Funa steps down

20th September 2022

Dennis B. Funa has stepped down from his role as chairman at Asian Re. Funa had been expected to serve in his role until next year after being re-elected into his position last year. Prior to this, Funa had been serving his first term of office as chairman of Asian ... Read the full article