BIDV Insurance Joint Stock Corporation (“BIC”) is 35% owned by Fairfax. BIC was acquired on September 18, 2015. Based in Hanoi, Vietnam, the company is a leading non-life insurer in Vietnam and is primarily engaged in writing fire, engineering and motor business. In 2015, BIC’s net written premiums were VND 1,044.1 billion. At year-end, the company had shareholders’ equity of VND 1,976.6 billion (approximately VND 22,540 = US$1) and there were approximately 830 employees.
BIC is led by Chief Executive Officer, Mr. Tran Hoai An.
BIC has a financial strength rating of "B+" (Stable) by AM Best.
191 Ba Trieu,
Tel: (+84-04) 2200282
Fax: (+84-04) 2200281