DB Insurance Accelerates Vietnam Strategy... Becomes Largest Shareholder of VNI and BSH

On the 27th, DB Insurance held a commemorative event at the JW Marriott Hotel in Hanoi, Vietnam, to officially launch as the largest shareholder of Vietnamese non-life insurance companies VNI (Vietnam National Aviation Insurance) and BSH (Saigon-Hanoi Insurance), the company announced on the 29th.

DB Insurance signed acquisition agreements with VNI and BSH, ranked 10th and 9th respectively in the Vietnamese non-life insurance market, in February and June of last year. The final contract was completed earlier this year.

On the 27th, at the JW Marriott Hotel in Hanoi, Vietnam, Jeong Jong-pyo, President of DB Insurance (front row, right), Ms. Le Thi Ha Thanh, Chairwoman of the VNI Board, and other officials are taking a commemorative photo at the overseas shareholder welcome ceremony.

The event was attended by Jung Jong-pyo, President of DB Insurance, senior executives of VNI and BSH non-life insurance, and distinguished guests. It was held to officially announce and celebrate the acquisition of 75% of the shares of both companies.

Through this acquisition agreement, DB Insurance plans to further solidify its business foundation in the Vietnamese insurance market and continuously pursue its global growth strategy. VNI and BSH plan to leverage DB Insurance’s extensive insurance business experience, expertise, and advanced technological infrastructure to become leading companies in Vietnam and the Indochina Peninsula region.

President Jung stated, "Through this acquisition agreement, our goal is to become a leading insurance company in Vietnam and the Indochina region by collaborating with the shareholders, management, and employees of both companies to promote growth and strengthen capabilities. We will serve as a steadfast ally that meets the vision and future goals of both companies.”

This content was produced with the assistance of AI translation services.