ACR to Deregister DIFC Branch and Serve Middle East & Turkey from Singapore11th October 2019
Singapore, 7 October 2019 – Asia Capital Reinsurance Group Pte. Ltd. (“ACR”) announces that it will deregister its DIFC Branch (“Branch”) and serve the Middle East and Turkey market from its Singapore office. The Branch has ceased issuing new policies and servicing of ongoing policies has been transferred to ACR’s Singapore office.
ACR says the move is part of its business reorganisation strategy and reiterates its commitment to supporting the Middle East and Turkey market, where it has built up valued client relationships since the company’s inception in 2006.
About Asia Capital Reinsurance Group Pte. Ltd.
Asia Capital Reinsurance Group Pte. Ltd. (Asia Capital Re) focuses on providing reinsurance solutions for large and specialist risks to clients worldwide. Asia Capital Re is headquartered in Singapore, with branch offices in Hong Kong and Korea, representative offices in Taiwan, Japan, Vietnam, and a liaison office in India.
Rated “A-” for its financial strength by A.M. Best and Standard & Poor’s, Asia Capital Re offers a combination of strong Asian-based capacity, global underwriting expertise and in-depth knowledge of the local insurance markets.
For more information, please visit www.asiacapitalre.com or contact: