CENTRAL REINSURANCE Business Summary

Central Reinsurance Corp (2851.TW) operates as the sole domestic reinsurer in Taiwan, generating revenue through premium and commission income from a diversified portfolio of inward and outward reinsurance services. The company operates across two primary segments: Non-Life Reinsurance, which encompasses fire, marine, aviation, casualty, motor, and engineering lines, and Life Reinsurance, covering life, personal accident, and health insurance. As a specialized wholesale risk-transfer entity, the firm maintains a dominant domestic market position by leveraging its unique status and deep-rooted relationships with local primary insurers. It competes within the broader Taiwanese financial sector against firms such as Shinkong Insurance, Taiwan Fire & Marine Insurance, and Union Insurance, positioning itself as a critical infrastructure provider that bridges local risk with global capital markets. Founded in 1968 by the Ministry of Finance and privatized in 2002, Central Reinsurance is currently anchored by the Evergreen Group as its largest shareholder. The leadership team is led by Chairman Tai, Jiin-Chyuan, a representative of Evergreen International Corp who holds a Master of Maritime Law and serves on the boards of Evergreen Marine and EVA Airways. President and CEO Chung, Chih-Hung, an internal veteran with an MBA from National Taipei University, has directed operations since late 2022 following a successful tenure as Executive Vice President. The executive suite and board are further strengthened by key figures such as CFO Chang, Yung-Ning and CIO I-Chin Chiang, reflecting a leadership pedigree that combines state-level oversight from the Ministry of Finance with the industrial expertise of the Evergreen conglomerate.