PT Maskapai Reasuransi Indonesia,Tbk (Marein) was founded on June 4, 1953, Marein is the first national reinsurance company and the first publicly listed reinsurance company in the country. Listing its shares on the Indonesia Stock Exchange (IDX) on 1989. The company has raised its authorized and paid up capital for several times. The most recent, It has raised the paid up capital up to IDR 77.7 billion in 2008 and the latest, it has raised the authorized capital up to IDR 300 billion in 2015
The composition of Shareholders per June 30, 2016 are as follows: AJB Bumiputera (19.8%), Citibank Singapore A/C CBSG-UBP SA-GCSG2 (16.1%),Standard Chartered Bank SG PVB Client AC (5.1%), and the Public (59%).
To meet the market’s demand for Sharia reinsurance, in 2006 Marein set up and developed Sharia business unit pursuant to a license issued by the Finance Ministry of the Republic of Indonesia No KEP-075/KM/12/2006 dated August 25, 2006.
In 2007, Marein moved to its new office namely Plaza Marein in Jl. Jend. Sudirman Kav. 76-78, Jakarta 12910, as the Company has been strongly eager to promote excellence service to its customers and partners.
On August 16,2016, Fitch Ratings Indonesia reaffirmed Marein National Insurer Financial Strength (IFS) Rating of A+(idn). Fitch Ratings also reaffirmed the company’s international IFS Rating of BB(int). On November 2016, Marein was rated idA+ by national ratings agency, Pefindo.
Marein’s experience in reinsurance business has led the Company to win numerous awards, among others are 1st Rank The Best Risk Management Islamic Reinsurance Indonesia 2016 from Karim Consulting and Mr. Robby Loho as Top 10 Chief Executive Officer 2016 from Economic Review.