PVI Reinsurance Joint Stock Corporation 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 growth to new heights, the shareholders decided to change the name from PVI Re to Hanoi Re.
“We are pleased to inform 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 the leading reinsurer in the Vietnamese market and has a good reputation in the international market.
“We are working hard for Hanoi Re to grow more globally. For now, PVI Holdings, as well as major shareholders HDI and PVN, will continue to fully support Hanoi Re with capital, technical know-how, and other assistance to further strengthen the company’s position to achieve -ot a strong, sustainable and successful development. PVI Holdings has committed to continue to be the majority shareholder of Hanoi Re.
According to the company, the rebranded Hanoi Re will inherit PVI Re’s values and achievements after 12 years of operation, as well as all business rights and obligations.
Apart from the rebranding, there will be no other changes in Hanoi Re’s organizational structure and business operation model.