- About Us
- Company History
Initially, Tugure only served the insurance needs of the Tugu Group exclusively. Today, Tugure provides services in reinsurance against risks faced by General Insurance Companies, Life Insurance Companies, Guarantee Companies, and/or other Reinsurance Companies.
Tugure Shareholders strengthened its capital based by getting additional capital worth Rp365 billion through capital shares from PT Asriland and PT Tugu Pratama Interindo.
The Company reforms the Board of Directors and Board of Commissioners’ new structure and assign one additional Commissioner as Independent Commissioners as part of Company’s commitment in Good Corporate Governance implementation.
The Company conducted capital injection from subordinated loan from PT Tugu Pratama Interindo and PT Asriland, as well as a capital injection from PT Asriland.
The Shareholders provided additional capital and changed the shareholding composition due to the purchase of all Company’s shares owned by the Minister of Finance of the Republic of Indonesia by PT Asriland.
The Company obtained additional paid-in capital from Dividend Shares conversion as well as PT Tugu Pratama Interindo and PT Asriland.
Tugure was appointed as the main pioneer for insurance cooperation among ASEAN member countries under ASEAN Reinsurance Exchange Scheme (ARES).
PT Tugu Reasuransi Indonesia was established based on Notarial Deed of Raden Santoso, SH, No. 8 dated April 2, 1987 as PT Tugu Jasatama Reasuransi Indonesia