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 focuses primarily on non-life reinsurance treaty and facultative business emanating from Asia including the Middle East and Indian Sub-continent.
Since its formation in 1973, the Company has grown steadily through its formative years, with shareholders' funds and total assets now in excess of SGD250 million and SGD900 million, respectively.
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.