Established in 1987, PT. Tugu Reasuransi Indonesia (Tugu-Re) is Reinsurance Company that was initially intended to exclusively serve the insurance needs of Tugu Group. However, the vast growth of insurance industry in Indonesia has prompted Tugu-Re to review the condition as a unique opportunity to expand its scope of services to cover other insurance companies. Since 1998, Tugu-Re had enjoyed a positive corporate growth and gained considerable trust from international insurance industry. In 2004, Tugu-Re was appointed as Indonesia's main entry point for reinsurance cooperation among ASEAN countries under ARES (ASEAN Reinsurance Exchange Scheme), which was followed up by the company's expansion of its operation to include countries such as Malaysia, the Philippines, Vietnam and Thailand.