Indonesia Re operational starting from June 2015

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The state company Indonesia Re is expected to start its operations by the end of June 2015.
With a paid up capital of 1.24 trillion IDR (942 million USD ), Indonesia Re is the result of a merger between five local companies: Reasuransi Umum Indonesia (RUI), Reasuransi Internasional Indonesia (ReINDO), ASEI Re, Asuransi Kredit Indonesia (Askrindo) and Reasuransi Nasional Indonesia (Nasre).

The new company aims to increase local market retention capacity.
As a reminder, reinsurance treaties placed abroad accounted, in 2013, for 19.95 trillion IDR (1.64 billion USD) in premiums which is three times the amount invested locally: 6.47 trillion IDR (530.54 million USD).

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Wed, 27/05/2015 - 12:24
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