September 28, 2016 10:12 PM ET

Insurance

Company Overview of The Deves Insurance Public Company Limited

Company Overview

The Deves Insurance Public Company Limited provides non-life insurance products in Thailand. The company offers motor insurance products, which cover bodily injury to or death of any damaged party, and damage to the insured vehicle caused by collision, theft, and fire, including liability towards loss of life, bodily injury, and property of third party. It also provides fire insurance products to protect homes, townhouses, and commercial buildings against loss or damage due to fire, lightning, and explosion of domestic gas. The company’s marine insurance products include marine hull insurance that covers loss of or damage to the insured vessel sustained from perils, such as storm, stranding,...

97 99 Deves Insurance Building

Ratchadamnoen-Klang Road Pranakorn District

Bangkok,  10200

Thailand

Founded in 1947

525 Employees

Phone:

66 2 670 4444

Fax:

66 2 629 1080

Key Executives for The Deves Insurance Public Company Limited

President, Director and Member of Executive Committee
President and Member of the Executive Committee
Executive Director and Member of Executive Committee
Senior Vice President of Human Resources Departmen, Senior Vice President of Administration Department and Vice President of Office of The President
Vice President of Audit Office and Secretary to the Audit Committee
Compensation as of Fiscal Year 2016.

The Deves Insurance Public Company Limited Key Developments

The Appeal Court's Judgement for the Compensation Regarding the Fire at CentralWorld

On December 16, 2011, Central Pattana Public Company Limited and its subsidiaries submitted the complaint against Deves Insurance Public Company Limited for the compensation regarding the fire at CentralWorld, pursuant to the Industrial All-Risk policy. On March 1, 2013, the First Instance Court granted judgment in favor for CPN. Deves Insurance, by the judgment of the First Instance Court, shall make payment for compensation to CPN. On October 9, 2014, the Appeal Court reversed the judgment of the First Instance Court. Consequently, Deves Insurance does not have to make payment of compensation to CPN. CPN will submit the appeal to the Supreme Court within 1 month from October 9, 2014. However, CPN has a right to submit a request to extend the period for submitting the appeal to the Supreme Court. The extension depends solely on the discretion of the Court.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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