From its humble beginning in January 1973 then as a co-operative effort by all the insurance companies operating in the local market, Singapore Re has gradually evolved to become a regional reinsurance player. Some 40 years later, Sing Re, a familiar acronym to many business partners near and far, is one of the few locally incorporated reinsurers in the Lion City and primarily focuses on business emanating from Asia including the Middle East and Indian Sub-continent.
Listed on the main board of the Singapore Stock Exchange since 1987, the Company has grown steadily through its formative years, with shareholders' funds and total assets now in excess of SGD200 million and SGD700 million, respectively. Over the past decade, Singapore Re has consistently been among the best dividend yielding stocks on the local bourse.
The Company has been affirmed with a financial security rating of A- (Excellent) and issuer credit rating of "A-" from A.M. Best, reflecting its strong risk adjusted capitalisation and high investment income ratio.
Leveraging on the close symbiotic relationships with its business associates, Singapore Re offers value-added services and products directly as well as through its stable of subsidiaries, and serves the financial services sector in the following areas:
- Publishing and conferencing services; and
- Property management service.