As Asian economies grow and businesses in the region thrive, the risks associated multiply. This reality led founder and group chief executive John Tan to start ACR Capital Holdings in 2006 with the aim of enhancing Asia's economic and social security and stability through innovative risk solutions.
"We're here to add value to Asia, to help it be better understood and better diversified," Tan says.
ACR is a pioneer in many ways. At the time of inception, it raised Asia's largest private placement for a start-up company of US$620 million. Since then, it has grown to become a global top 50 reinsurance group.
ACR's wholly owned subsidiary, Asia Capital Re, is the first independent reinsurer solely focused on the pan-Asian market, providing reinsurance solutions for complex risks across business lines such as aviation, marine, casualty, energy, engineering and property.
Keen on filling Asia's risk solutions gaps, in 2009 Tan set up the Asia Catastrophe Pool - Asia's first regional capacity pooling platform for catastrophe risk aggregation and management. Another pioneering risk management platform - the Asia Agriculture Pool - was created this year as a sustainable solution to managing the region's evolving agriculture risks. Managed by ACR's joint venture, Asia Capital Reinsurance Malaysia, the pools are part of Tan's aspiration to help manage the emerging risks threatening Asia's stability, such as natural catastrophes and food security.
Conducting extensive research while providing sponsored training to industry players, ACR is supported by professionals with in-depth knowledge of the risks it undertakes.
