Hanoi, September 12, 2024, Tasco Insurance Company Limited and Hanoi Reinsurance Corporation (“Hanoi Re”) have signed a Cooperation Agreement in the reinsurance field.

The signing ceremony was held with great formality, featuring the presence of key leaders from both parties. Representing Tasco Insurance LLC were Mr. Vu Dinh Do, Chairman of the Board of Tasco, and Mr. Nguyen Van Hieu, Vice Chairman of Tasco Insurance. From Hanoi Re, the representatives included Mr. Trinh Anh Tuan, General Director, along with Deputy General Directors Mr. Nguyen Anh Hung and Mr. Nguyen Hong Long, who were all present at the agreement signing ceremony.

Based on the desire to strengthen cooperation, maximize the potential and advantages of both parties, and ensure mutual benefits and co-development through reinsurance and insurance support activities, Tasco Insurance and Hanoi Re have identified the objectives and scope of cooperation related to reinsurance and other services.

The cooperation between Tasco Insurance and Hanoi Re is considered a significant step towards realizing the development goals of both parties. Through this cooperation, Tasco Insurance and Hanoi Re together provide customers with comprehensive insurance services, combining the strong potential of Tasco in providing primary insurance and the experience of Hanoi Re in the reinsurance field.

Tasco Insurance is a member company of Tasco – the leading owner of automobile distribution systems and smart transportation infrastructure in Vietnam with over 50 years of formation and development. Following the orientation of developing the insurance segment as an important piece of the ecosystem of automobile services and smart transportation infrastructure, Tasco Insurance will become a non-life insurance company focusing on motor vehicle insurance products and expanding new insurance solutions. After 2 years of launch, Tasco Insurance has been strongly developing its business and service network in all 63 provinces with over 650 affiliated showrooms.

Hanoi Reinsurance Corporation (“Hanoi Re”) – HNX: PRE – (formerly known as PVI Re), established in 2011, is a subsidiary of PVI Holdings and one of the leading reinsurance companies in Vietnam. Hanoi Re aims to expand, capture, and maximize the efficiency of exploiting domestic reinsurance services; enhance the capacity to exploit foreign reinsurance services; diversify ancillary insurance services, consulting, and risk assessment. The company aims to expand its business operations in the region and globally, becoming a leading reinsurer in the Asian insurance market and more than 50 countries worldwide. Hanoi Re provides leading insurance solutions and consulting, risk assessment services to customers, develops new markets, and implements flexible solutions.