Samsung Fire & Marine Insurance Co., Ltd

Samsung Fire & Marine Insurance (“SFMI”) is a leading non-life insurance company in Korea, offering a variety of insurance products and total risk solution services including fire, marine, automobile, accident, liability, long-term non-life insurance, and private pension to personal customers and commercial clients in domestic and overseas markets.
SFMI is striving to deliver excellence to customers and become a top financial institution in the 21st century.

  • Founded year: January 26, 1952
  • Headquarters: 14 Seocho-daero 74 gil, Seocho-gu, Seoul, Korea
  • Employees (as of 2020): 5,690
  • Overseas operations: 7 subsidiaries, 8 branches, 4 representative offices in 9 countries.
  • Credit rating: SFMI holds the highest credit rating of A++ (Superior) by the world’s largest insurance credit rating agency A.M. Best. This is the highest rating ever given to a domestic insurer, and granted only to Tokio Marine and SFMI within Asia. SFMI has been rated as AA- (Stable) by global credit rating agency Standard & Poor’s, which is the highest rating ever given to a domestic private corporation and a rating on par with Korea’s sovereign rating. SFMI is the only company holding this rating in the Korean private sector.

Vietnam National Reinsurance Corporation

Vietnam National Reinsurance Corporation (“VinaRe”) is the leading reinsurer in Vietnam and the region and a professional investor, provides long-term solutions and services of international quality. VinaRe has supported Vietnam insurance industry, aiming for a sustainable and efficient market growth. Also, VinaRe assumes social responsibility to support the socio-economic development and international competitiveness of Vietnam.

  • Founded year: 1994
  • Head office: 141 Le Duan, Hoan Kiem District, Hanoi
  • Paid-up chartered capital: VND 1,507,371,300,000, by 2024 increased to VND 2,000 billion as VinaRe’s growth target
  • Credit rating: VinaRe has a Financial Strength Rating of B++ (Good) and Long-Term Issuer Credit Rating of bbb+ by A.M. Best Asia-Pacific.