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 2021, BIC’s net written premiums were VND 2,030 billion. At year-end, the company had shareholders’ equity of VND 2,575 billion (approximately VND 22,936 = US$1) and there were approximately 1,170 employees.

BIC is led by Chief Executive Officer, Mr. Tran Hoai An.

Ratings
BIC has a financial strength rating of "B++" (Stable) by AM Best.