Cambodian National Insurance Company (CAMINCO) is a Cambodian private insurance company with 25% of its shares owned by the Royal Government of Cambodia. It is a subsidiary of Varyia BVB Insurance.
 | |
| Company type | Private |
|---|---|
| Industry | Insurance |
| Founded | 1990 |
| Headquarters | , |
Area served | Siem Reap, Sihanoukville, Banteay Meanchey, Kampong Cham |
Key people | Duong Vibol, Managing Director |
| Services | General, commercial, vehicle, home |
 US$ 100,000 (2008) | |
| Parent | Varyia BVB Insurance |
| Website | caminco |
History
editCAMINCO was officially incorporated in 1990, becoming the first insurance company in Cambodia. It began its operations during June 1993.[1]
In 2000, the Insurance Law was passed and in 2001, the Sub-decree Nº132 on Insurance came into force. As a result, CAMINCO restructured into a state owned enterprise. CAMINCO was able to meet the capital requirement of USD 7 Millions, the insurance company to do so, and the only company to receive the 5-year license on General Insurance Services from the Ministry of Economy and Finance.[1]
On Monday 6 April 2009, the Royal Government of Cambodia sold 75% of its shares in the formerly state owned CAMINCO insurance company for US$5.7 million.[2] The Royal Government however, retains a 25% share in the company. The existence of the deal was not widely known.[3] Cheam Yeap, the head of the National Assembly's banking and finance committee and a Cambodian People's Party MP, told the Phnom Penh Post that he knew nothing about it.[4]
Business partners
edit- Swiss Reinsurance Company
- Mitsui Sumitomo Insurance Company
- Tokio Marine & Fire Insurance
- Toa Reinsurance Company
- Korean Reinsurance Company
- S.A. Jean Verheyen
- Malaysian Reinsurance Berhad
- BEST RE
- General Insurance Corporation of India (GICI)
- Asian Reinsurance Corporation
- Ho Chi Minh City Insurance Company (Bao Minh)
- Professional Insurance Brokers
See also
editReferences
edit- ^ a b "Company Profile" Archived 2009-09-12 at the Wayback Machine. Cambodian National Insurance Company. Accessed 2010-01-05
- ^ Caminco Sale. Google Groups. Accessed 2010-01-05
- ^ Caminco Sale Confirmed. Derkeiler. Accessed 2010-01-05
- ^ "Caminco Sale Confirmed. Phnom Penh Post. Accessed 2010-01-05
External links
edit
 | This Cambodia-related article is a stub. You can help Wikipedia by expanding it. |