China Reinsurance (Group) Corporation (hereinafter “China Re”) was co-founded by the Ministry of Finance of the People’s Republic of China and the Central Huijin Investment Company Limited with a registered capital of RMB42,479,808,085. The Ministry of Finance and the Central Huijin Investment Co., Ltd. hold 12.72% and 71.56% of the shares, respectively.
China Re originated from the People’s Insurance Company of China, which was founded in October 1949. In October 2007, it was restructured into a joint-stock limited company. By November 2015, 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"), China Re Asset Management Company Ltd. (hereinafter "China Re Asset"), and Huatai Insurance Agency & Consulting Service Ltd. (hereinafter "Huatai Insurance Agency"). It has two overseas subsidiaries, namely, China Re UK Limited, China Re Underwriting Agency Co., Ltd., and three representative offices, namely, New York Representative Office, London Representative Office and Hong Kong Representative Office. On 26 October, 2015, China Re (stock code: 1508.HK) was officially listed on the main board of the Hong Kong Stock Exchange and commenced trading.
China Re aims to become a world-class diversified reinsurance group with a leading domestic market position and superior risk management capabilities by continuing our market-oriented reforms, professional operation and internationalisation. China Re endeavours to achieve such objectives through in-depth cultivation of the domestic market and continued expansion in the international market, and by strengthening our core reinsurance business, expanding our primary insurance, asset management and other businesses and capitalising on our distinctive competitive advantages.
China Re is now the Asia’s largest and the world’s eighth largest reinsurer in terms of reinsurance premium income. As China’s sole state-owned reinsurance group, it has always been the main channel of reinsurance in China.
China Re is supported by powerful shareholders and enjoys strong capital strength. China Re has been rated "a(excellent)" by A.M. Best for six consecutive years with a stable outlook. In 2014, China Re was rated "a+" by Standard & poor's with a stable outlook.
China Re is an integrated and well-constructed reinsurance group with well-established core business, and it has a complete industrial chain covering reinsurance, direct insurance, asset management and insurance brokerage.
With extensive domestic connections, a nationwide service network, diversified domestic and overseas business channels, China Re is well positioned to sustain its business development and achieve profitable growth.
China Re has accumulated abundant industry data and preeminent professional technical strength, a profound understanding of the Chinese market and powerful capacity to create innovative products.
China Re has a management and technical team with rich experience, efficient group-based control management, strong risks management, and solid basic management.
·China Re 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 UK limited is a corporate member of Lloyd's