China Reinsurance (Group) Corporation (hereinafter referred to as “China Re”) was initiated and established by the Ministry of Finance of the People’s Republic of China and the Central Huijin Investment LLC. The registered capital is RMB 42,479,808,085 yuan, of which the Ministry of Finance holds 11.45% and Central Huijin Investment LLC. holds 71.56% of the shares.
China Re originated from the People’s Insurance Company of China established in October 1949. In October 2007, it was restructured into an incorporated corporation. At present, China Re held controlling stakes in 5 domestic subsidiaries, namely, China Property & Casualty Reinsurance Company Ltd. (hereinafter "China Re P&C"), China Life Reinsurance Company Ltd. (hereinafter "China Re Life"), China Continent Property & Casualty Insurance Company Ltd. (hereinafter "China Continent Insurance"), China Re Asset Management Company Ltd. (hereinafter "China Re Asset"), and Huatai Insurance Agency & Consulting Service Ltd. (hereinafter "Huatai Service"). It directly controls the following overseas subsidiaries, mainly including: China Re UK Ltd., China Re Underwriting AgencyLtd.,etc and indirectly controls the following overseas subsidiaries, mainly including: China Re Asset Management (Hong Kong) Co. Ltd.、The Hanover Insurance International Holdings Limited,etc ; established one overseas branch company and three representative offices outside Mainland China, namely, Singapore Branch, London Representative Office, Hong Kong Representative Office and New York Liaison Office Inc. On October 26, 2015, China Re listed on the Main Board of the Stock Exchange of Hong Kong Limited and became a listed company with stock code 01508.HK.
Reinsurance premium is the largest among reinsurance groups in Asia and the eighth largest in the world.
As the only domestic reinsurance group in China, the reinsurance main channel status is stable.
China Re has a strong shareholder background and is powerful in the respect of capital. Since 2010, China Re has been rated the “A” (excellent) by A.M.Best Co. for nine consecutive years.
From 2014 to 2018, China Re has maintained “A+” and “A” rating by Standard & Poor for five consecutive years.
Its main business is outstanding and well-structured, with a complete insurance industry chain covering reinsurance, direct insurance, asset management and insurance brokerage.
China Re is capable of sustaining business development and steady growth in profitability with strong advantages in local resources, a nationwide service network, a large customer base, and diversified domestic and overseas business channels.
China Re has accumulated plentiful industry data and remarkable professional technical strength, with a profound Chinese market understanding and strong product innovation capabilities.
China Re has an experienced management and technical team with efficient group management, prudent risk management and solid foundation management.
· China Re P&C is the management Company of the China Nuclear Insurance Pool.
· China Re P&C is the management agency of the China Agricultural Reinsurance Pool.
· China Re P&C is the management unit of Earthquake Catastrophe Insurance Community for Urban and Rural Residents in China.
· China Re is a member of the Executive Committee of the Federation of Afro-Asia Insurers and Reinsurers.
· China Re is a shareholder of Shanghai Insurance Exchange.
· China Re is a founding member of the Asian Financial Cooperation Association and a member of the first council member.
· China Re UK Ltd. is a member of Lloyd's.