PVI Holdings announced strategic partner Talanx Group
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 PVI Holdings (formerly Petrovietnam Insurance Joint-Stock Corporation) and Talanx Group have entered into a strategic partnership for the Vietnamese insurance market. Within the strategic alliance the Talanx Group will work closely with PVI Holdings and its subsidiaries to support PVI’s business development.
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A.M. Best assigned Ratings to PVI Insurance Co.
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On November 01, 2011, A.M. Best has assigned a financial strength rating of B+ (Good) and an issuer credit rating of “bbb-” to PVI Insurance Co. (PVI Insurance) (Hanoi, Vietnam). The outlook assigned to both ratings is stable.
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The first 6-month audited financial report
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During the first 6 months of 2011, the total revenue of PVI reached to VND 3,139 billion. Pre-tax profit reached VND 220.2 billion. PVI has grown strongly in all financial targets with revenue from core insurance being VND 2,519 billion and from reinsurance VND 398 billion.
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2nd quarter of 2011 financial report
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In quarter II/2011, PVI remained its positive financial indicators with VND 1,674 billion revenue and VND 110 billion profit. During the first 6 months of 2011, the total revenue of PVI reached to VND 3,139 billion and maintained its leading position in the non - life market with 24% market share.
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