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. 50 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 focuses primarily on non-life reinsurance treaty and facultative business emanating from Asia including the Middle East and Indian Sub-continent.
Singapore Re 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.
On 21 April 2021, the Company became a subsidiary of Fairfax Asia Limited and its ultimate beneficial owner is Fairfax Holdings, a public listed company headquartered in Toronto, Canada. Singapore Re was delisted from the Singapore Exchange on 5 August 2021.