Thai Wiwat Holdings Public Company Limited, or TVH, announced its investment in Thoon Insurance Public Company Limited through a private placement of newly issued shares, with a total value of approximately 60.24 million baht, representing a 25.1% stake in the company. The move aims to expand into the travel insurance market, where Thoon Insurance is a key partner, and will help broaden the customer base and enhance competitiveness, as well as further develop the non-motor insurance segment. Mr. Jeerapan Assavathanakul, Chief Executive Officer of TVH, stated that the company continues to seek additional investment opportunities, utilizing funds remaining from reserves and capital. Meanwhile, Mr. Thepphan Assavathanakul, Deputy Managing Director of Thai Wiwat Insurance Public Company Limited, forecasts that total premiums in 2026 will grow by more than 10%, with motor insurance growing 7% in the first half and non-motor growing 15%. The company currently has approximately 1 million policies in force, and expects accelerated growth in the second half, particularly in the fourth quarter, which is the high season for tax-deductible insurance purchases.
Thaivivat Holdings Public Company LimitedTVH invests ~60.24 million baht via private placement to acquire a 25.1% stake in Thoon Insurance, expanding into travel insurance.
Thoon Insurance issues new shares in a private placement to TVH, raising ~60.24 million baht and gaining a strategic partner.
