BIDV Insurance Corporation

Visit of Prem Watsa, Chairman of Fairfax Financial, to Vietnam

At the meeting with Mr. Tran Bac Ha, Chairman of BIDV, and other senior management of BIDV and BIC, Mr. Watsa was very impressed with the achievement of BIDV and BIC in recent years. Mr. Watsa was also very excited about the long term opportunities of the partnership with BIC and their collective commitment to provide leading underwriting management, risk management, investment management, information technology and the development of diversified distribution channels. The Chairman of BIDV and Fairfax share the vision that BIC become a leading international insurance company with professional and profitable operations in the region through the support of its two largest shareholders.

Mr Prem Watsa visted Head Office of BIDV...

... and BIC

In addition to meeting BIDV and BIC, Mr. Watsa met with the Minister of Finance, Mr. Dinh Tien Dung. Fairfax greatly appreciated the support of the Ministry in successfully completing the transaction with BIC. The Minister also provided a brief overview of the macroeconomic situation and financial markets in Vietnam, including the Ministry’s commitment to promoting sustainable market development.

Mr. Watsa met with the Minister of Finance, Mr. Dinh Tien Dung

Mr. Pham Quang Tung, Senior Executive Vice President of BIDV and Chairman of BIC, said: “With the experience and capacity of Fairfax, especially in Asia, we expect BIC will enter a new development stage and become a leading international insurance company with professional and profitable operations.”