PT Tugu Reasuransi Indonesia (“the Company” or “Tugure”) was established on April 2, 1987 in the presence of the Notary Raden Santoso, SH. Through Deed No. 8 dated April 2, 1987, which was later amended by Deed No. 28 dated May 11, 1987 and Deed No. 19 dated June 15, 1987. The deed of establishment and its revisions were approved by the Minister of Justice of the Republic of Indonesia in his Decision Letter No. C2-4270-HT.01.01-TH/87 dated June 16, 1987, and was published in the State Gazette of the Republic of Indonesia No. 71 dated September 4, 1987, Supplement No. 809 under the name of “PT Tugu Jasatama Reasuransi Indonesia”. In 1999, PT Tugu Jasatama Reasuransi Indonesia changed its name to “PT Tugu Reasuran si Indonesia” based on Deed No. 104 dated February 24, 1999, made before the Notary Agus Madjid, SH. Initially, Tugure is intended to serve the insurance needs of the Tugu Group exclusively. In accordance with the Company’s Articles of Association, Tugure’s current business activities are to provide services in reinsurance against risks faced by General Insurance Companies, Life Insurance Companies, Guarantee Companies, and/or other Reinsurance Companies. Tugure experienced a rapid development as a corporation and gained the confidence of the national and international insurance industry. In 2004, Tugure was appointed as the lead pioneer for reinsurance cooperation among ASEAN countries under the ARES (ASEAN Reinsurance Exchange Scheme), followed by expansion of the Company’s operations to countries such as Malaysia, Philippines, Vietnam and Thailand. In the year 2017, the Company implemented a number of corporate actions, which began in March through changes of the Company’s shareholders due to the purchase of all shares owned by the Dana Pensiun Pertamina by PT Tugu Pratama Interindo. Subsequently, the Company made additional capital through the share conversion mechanism by PT Tugu Pratama Interindo and PT Asriland in April, as well as converted the Company’s revenue into shares in December (which were proportionally taken by the Shareholders and cash deposits made by the Company).