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Asian Re

 

OVERVIEW

The Asian Reinsurance Corporation (Asian Re) is an intergovernmental organization established in May 1979 under the auspices of the UN-ESCAP. Membership is open to all state members or associate members of the United Nations Economic and Social Commission for Asia and the Pacific. It commenced its operations in 1980.

Effective 9 July 2005 Associate Membership is open to non-ESCAP member countries of the UN, private organizations, private corporations, non-government organizations and multi-lateral institutions etc.

The corporation's authorized capital is US$ 200,000,000 divided into 200,000 shares at US$ 1,000 par value. The paid-up capital is US$ 84.82 million. Members of Asian Re Management Board are as follows;

    Dr. Abdolnaser Hemmati 

Chairman 

    Mr.  Md. Rezaul Karim 

Vice Chairman 

    Mr.  Mohammad Ebrahim Amin 

Member 

    Mr. A.K. Roy 

Member

    Mr. S.A. Kumar

President & CEO

    Mrs. Champa Mellawa

Executive Vice President

    Mr.  Krisada Chinavicharana

Council Member for Thailand

VISION

To become a leading professional reinsurer capable to meet the reinsurance needs of Asia-Pacific Region. Apart from General Assembly, Management Board, and Shareholders’ Assembly regular meetings, Asian Re recently organized a seminar on “LATEST TRENDS IN INSURANCE” in collaboration with Association of Insurers and Reinsurers of Developing Countries (AIRDC), in Bangkok, March 2015.

MISSION

1.

The Corporation shall operate as a professional reinsurer accepting business from the insurance markets in member states as well as other markets of the region and elsewhere, and shall retrocede its surpluses after net retention with priority given to the national insurance and reinsurance markets of the member states.

2.

The Corporation shall invest a sizeable proportion of its funds within the region, provided that such investments meet with the requirements of sound insurance techniques.

3.

The Corporation shall also serve as regional centre for the collection of insurance information and the development of expertise in insurance and reinsurance, to be put at the disposal of the national insurance markets of the member states.

4.

The Corporation shall provide technical assistance to the national insurance markets of the member states.

MEMBERSHIP

Ten UN-ESCAP member countries are Regular Members including Afghanistan, Bangladesh, Bhutan, China, India, Islamic Republic of Iran, South Korea, Philippines, Sri Lanka, Thailand, whereas, in 2014, Associate Members increased to nineteen insurance/reinsurance companies from Asia, specifically speaking from Thailand, Iran- Bimeh Markazi Iran (Central Insurance of I.R. Iran)- India, Japan, UAE, Bangladesh, and Sri Lanka. The paid-up capital increased to US$84.82 million in 2015.

Address

17th Floor, Tower B
Chamnan Phenjati Business Center
65 Rama 9 Road, Huaykwang
Bangkok 10320 Thailand

Telephone                       


+66 2 245-2169

 

+66 2 245-2190

 

+66 2 245-2197

Fax      

                                        


+66 2 248-8011

 

+66 2 248-1377

E-mail

 asianre@asianrecorp.com

Website

www.asianrecorp.com

89th Management Board Meeting  

10 April 2014

 


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