Company’s Brief History
The establishment of PT Asuransi Ekspor Indonesia (Persero), pursuant to government regulation no.20 of 1983. The company enganged in insurance business to support the development of non oil and gas export.
In line with the development and dynamics of business, PT Asuransi Ekspor Indonesia (Persero) built a new corporate identity by changing the corporate logo and developing corporate culture that were prepared to face the increasingly tough challenges and competitions.
The ministry of SOE prepared National Reinsurance companies to address the challenge of high reinsurance premium payment to foreign companies. PT Asuransi Ekspor Indonesia (Persero) was selected as the national reinsurance company.
Corporate rebranding from PT Asuransi Ekspor Indonesia (Persero) to PT Asei Reasuransi Indonesia (Persero), or referred to as “Asei Re”/. The Company’s logo was also changed along with the Company’s name.
On October 9, 2014, PT Asei Reasuransi Indonesia (Persero) established a subsidiary named PT Asuransi Asei Indonesia to undertake insurance and guarantee business which had previously been operated by Asuransi Asei in accordance with the Deed of Company Establishment No. 08 drawn up by and before Notary Marthin Aliunir, SH, which obtained approval through Decree of Minister of Justice and Human Right No. AHU-2922.214.171.1244 dated October 13, 2014 and Insurance Business License from the Financial Services Authority (OJK) No. KEP-121/D.05/2014 dated October 21, 2014.
OJK granted portfolio transfers of Direct Insurance and Reinsurance Business of PT Asei Re to PT Asuransi Asei Indonesia. Effective from December 17, 2014, GEneral Meeting of shareholders of PT Asei Re approved the spin-off.
PT Asei Reasuransi Indonesia (Persero) changed its name to PT Reasuransi Indonesia Utama (Persero), or refered to as Indonesia Re.