Hanoi Re honoured for outstanding achievements over 15 years of operations

Hanoi Reinsurance Joint Stock Corporation (Hanoi Re) is honoured to receive a Certificate of Merit from the Insurance Association of Vietnam (IAV) in recognition of its outstanding achievements over 15 years of operations (2011-2026). In addition, two Hanoi Re executives and managers have been recognised with prestigious awards for their outstanding performance in 2025.

Pursuant to Decisions No. 38/2026/QĐ-HHBH, 39/2026/QĐ-HHBH and 40/2026/QĐ-HHBH dated 28 July 2026, issued by the Insurance Association of Vietnam, Hanoi Re and two of its executives and managers have been recognised for their notable achievements.

15 Years of Growth - A Track Record of Sustainable Development

The Certificate of Merit awarded to Hanoi Re by the Insurance Association of Vietnam for its "outstanding achievements over 15 years of operations" represents meaningful recognition of the Company's journey of growth and development.

Established in 2011, Hanoi Re has steadily strengthened its market position, achieving remarkable milestones:

- Inward reinsurance premiums increased forty-fold, reaching VND 3,107 billion in 2025 compared with 2012, its first full year of operations.
- Profit before tax increased twenty-seven-fold, reaching a record high of VND 301 billion in 2025.
- Cash dividends have been maintained at 16% or above for nine consecutive years (2017-2025), with the dividend rate reaching 17% in 2025, demonstrating consistent financial performance and a strong commitment to delivering sustainable shareholder value.
- Charter capital reached VND 1,044 billion, providing a solid financial foundation for the Company's long-term development strategy.
- AM Best upgraded Hanoi Re's Long-Term Issuer Credit Rating to bbb+ with a Stable Outlook in 2026, while affirming its Financial Strength Rating of B++ (Good), reflecting the Company's financial strength and risk management capabilities.
- Expanded its inward reinsurance business to more than 50 countries and territories, strengthening its international market presence.

Beyond its business achievements, Hanoi Re has continuously enhanced its corporate governance framework in line with international best practices. The Company adopted IFRS 17 financial reporting within the PVI Group in 2023, accelerated its digital transformation with 99% of operational processes conducted paperlessly, and pioneered an electronic contract execution platform connecting with insurance companies.

These accomplishments reflect Hanoi Re's comprehensive development across business scale, financial performance, corporate governance, technology and international integration.

Recognising Two Outstanding Managers in 2025

Alongside the Company's collective achievements, two Hanoi Re executives and managers have been honoured by the Insurance Association of Vietnam with prestigious awards for their outstanding contributions in 2025.
Ms. Le Thi Thuy - Deputy Chief Executive Officer of Hanoi Re was honoured as one of 12 recipients of the "Outstanding Insurance Business Manager 2025" award.

This recognition acknowledges her valuable contributions to the management, leadership and business development of Hanoi Re, helping to enhance the Company's operational performance and competitiveness.

Mr. Tran Quang Thao - Head of Survey & Claims Division of Hanoi Re was honoured as one of 11 recipients of the "Outstanding Insurance Technical Manager 2025" award.

The award recognises his dedication and contributions to technical management, loss assessment and claims handling, supporting Hanoi Re's professional excellence and operational efficiency.

Building on Success - Moving Confidently into the Future

The honours bestowed by the Insurance Association of Vietnam not only recognise Hanoi Re's achievements to date but also serve as a strong motivation for the entire team to continue fostering unity, professionalism and innovation while pursuing continuous improvement across all areas of operations.

As Hanoi Re enters its next chapter of development, the Company remains committed to sustainable growth, strengthening its financial capacity and risk management capabilities, expanding international partnerships, and creating lasting value for clients, partners and shareholders.

Fifteen years of building trust have laid a strong foundation for Hanoi Re to move confidently into the future, further reinforcing its reputation and position in Vietnam's reinsurance market and internationally.