Phu Hung Assurance Corporation (PAC) is a leading non-life insurance joint stock corporation based in Ho Chi Minh City, Vietnam. Previously known as Bao Tin Assurance Corporation, established in 2006 and operations began in 2007.
The Board of Leaders
The Board of C.E.O
History of PAC
Vision and Mission
Mr. Ho, Feng – Tao (Kerwin)
Master of Actuarial Science, Boston University, USA
Bachelor of Economics, Feng Chia University, Taichung, Taiwan
Mr. Ho, Feng – Tao was appointed as a member of Board of Directors of Phu Hung Assurance Corporation in June 2010 and re-appointed as Vice Chairman in March 2011. Previously, Mr. Ho was the Acting General Director of Phu Hung Securities Corporation from December 2011 to April 2013. He is the Special Assistant to the Chairman of CX Technology, Taiwan since 2008. Additionally, he was the Deputy Representative in the Guam office in USA and Manager of the Saipan Branch for Chung Kuo Insurance Corp., Taiwan from 2007 to 2008. Prior experiences include Chief Representative in the Ho Chi Minh City, Vietnam Representative Office for Chung Kuo Insurance Corp.,Taiwan from 2000 to 2007. He has 15 years of experience in financial management, insurance.
Mr. Chen, Shen – Yaw (Richard)
Member, General Director
Bachelor of Business Administration in finance and insurance, Feng Chia University, Taiwan
Mr. Chen, Shen – Yaw was appointed as the General Director of Phu Hung Assurance Corporation in May 2012 and as a member of the Board of Directors since April 2013. Previously, he was the Deputy General Director of Chung Kuo Insurance Corp.,Taiwan, the Chief of Representative Office for Chung Kuo Insurance Corp.,Taiwan in the Ho Chi Minh City, Vietnam and in Guam, USA. He has 30 years of experience in insurance management and underwriting.
Mr. Chiu, Hsien – Chih (Gary)
MBA, International Marketing, University of Sunderland, UK
Bachelor of International Trade, Shih Chien University, Taiwan
Mr. Chiu, Hsien – Chih previously served as Special Assistant to the Chairman of the Board of Directors of CX Technology Taiwan, as well as Chief of Secretariat from 2007 to 2010. He currently served as the Deputy General Director of CX Technology Vietnam. Mr. Chiu is the member of the Board of Directors of Phu Hung Securities Corporation since April 2010. Mr. Chiu was appointed as a member of Board of Directors of Phu Hung Assurance Corporation in April 2013.
Mr. Chen, Chia – Ken (Jacky)
MBA, Tam Kang University, Taiwan
Bachelor of Statistic Administration, Tam Kang University, Taiwan
Mr. Chen, Chia – Ken worked as senior Deputy General Director of Phu Hung Securities Corporation in April 2012 and as the General Director since March 2013. He has 12 years of experience in the leading securities companies in Taiwan and served as important manager positions, for instance: Chief of Representative Office; Deputy General Director of investment management department and senior Deputy General Director of Planning Department of Company. Mr. Chen was appointed as a member of Board of Directors of Phu Hung Assurance Corporation in July 2013.
Mr. Nguyen Huu Duc
Master of Economics, Columbia Southern University, USA
Bachelor of Economics, University of Finance and Accountancy, Ho Chi Minh City, Vietnam
Mr. Nguyen Huu Duc was appointed as the Director of Ho Chi Minh City Branch of Vietnam National Reinsurance Corporation since 1995 and as a member of Board of Directors of Phu Hung Assurance Corporation in July 2013. He has 18 years of experience in insurance management.
|General Director - Mr. Chen, Shen-Yaw (Richard)
-Over 30 years experience in insurance industry.
-Licensed Non-Life Insurance Underwriter.
- BA, Feng Chia University, Taiwan.
| Deputy General Director - Mr. Li, Wen- Hao (Eric)
-Over 10 years experience in non-life insurance industry
-MBA, Feng Chia University, Taiwan
-BA, Fu Jen Catholic, Taiwan
-Licensed Non-Life Insurance Underwriter and Claim Adjuster
-Responsible for Assurance Technical Division
| Finance Controller - Mr. Liew, Sep Siang
-Over 9 years experience in finance management
-MBA, University of New Brunswick, NB, Canada
Responsible for Finance, Accounting, HR & Admin, IT, Legal.
2006 - 2009:
• Previously known as Bao Tin Assurance Corporation, established in 2006 with the initial charter capital of VND 80 billion.
• Operations began in 2007.
• Increased charter capital to VND 300 billion; new capital was contributed by the following investors:
- CXT Joint Stock Corporation (VN), Vietnam subsidiary of a listed company in Taiwan that has a long term track record of investments in Vietnam
- Phu Hung Securities Corporation, a leading foreign invested securities company listed on the Hanoi Stock Exchange with 12 branches in Vietnam
- Long term investors that have successfully invested and developed Tan Thuan Export Processing Zone, Hiep Phuoc Power Company and Phu My Hung urban development project
• Recruited foreign professionals and restructured the company's operations.
• Relocated head quarter to Lawrence S. Ting Building at the heart of the Phu My Hung the new city center of Ho Chi Minh City.
• Received MOF’s approval on January 25 to change company name to Phu Hung Assurance Corporation.
Based on customer-oriented structure, products, services, training as well as the strategy of business development and brand campaign, PAC will become the leading company of innovative products and quality services in Vietnamese Insurance market.
PAC provides comprehensive assurance products to protect our clients' risks on Property, Liability and Personnel. Coverage and interface of clients' policies are coordinated and periodically reviewed to best suit our client's risk profiles. PAC is not just an assurance provider but also the risk consultant for our clients.
Every client is unique, associated risks need to be recognized, evaluated, prioritized and addressed accordingly. PAC will work together with our clients to integrate all available assurance products to manage their risks.
We consider our clients as a long term business partners and commit to share all our expertise and experiences to grow with our clients.