Ceylinco Insurance invited to invest in Asian Re

INSURANCE: The Asian Re-insurance Corporation, better known as Asian Re has invited Ceylinco Insurance to invest with them, reflecting their view of Ceylinco Insurance as a regional insurance giant.

Established in 1979, owing to an initiative taken by the United Nation Conference on Trade and Development (UNCTAD) and presently operating as a regional re-insurance company, with its Head Office located in Bangkok, Thailand, Asian Re has decided to increase its capital to US$ 100 million, to expand development activities and to add to much required regional reinsurance capacity.

In a bid to achieve this target, Asian Re opted to invite a couple of major re-insurance/insurance companies operating in the region to invest in the company as Associate Members.