countdown close “Southeast-Thai Insurance” negotiates 4 companies to accept port transfers with 1,300 employees
On February 27, news reports from Southeast Insurance Public Company Limited and Thai Insurance Public Company Limited revealed the progress of the closure of the business. Currently awaiting approval from the Board of Directors, the Office of Insurance Commission (OIC) has yet to answer when the resolution will be reached. However, the company has delivered insurance policy care for non-Covid customers with a total of 8.63 million customers, valued at 8,000-9,000 million baht, to 4 non-life insurance companies on February 23.
Consists of 1. Dhipaya Insurance Public Company Limited accepts the transfer of property insurance portfolios. statutory liability insurance Miscellaneous Insurance Marine insurance 2. Indra Insurance Public Company Limited (a subsidiary of Thai Holdings) accepts car insurance portfolio transfers 3. Krungthai Panich Insurance Public Company Limited accepts engineering insurance portfolio transfers and 4. Pacific Co. Ross Health Insurance Public Company Limited is an accident and travel insurance. Health and accident insurance Cancer Insurance/Credit Insurance
The news report said that For 1,300 employees, all positions will be terminated with severance pay according to labor law, and 4 insurance companies that accept the port will be asked to pick up employees as well. By Indara Insurance, 600 people will be transferred, the rest will be distributed to 3 other companies and some will go to the TCC group.