S&P Global Ratings has recently formally confirmed the long-term insurance company financial strength and issuer credit ratings of China Re Group and its subsidiaries, including China Re P&C, China Re Life, China Re HK and CIC. All of these entities have been awarded an "A" rating with a stable outlook. This rating is a testament to China Re Group's leading position in the domestic reinsurance market, its diversified layout brought by overseas business operations, and its capital status that aligns with the current rating level. Furthermore, it recognises China Re Group's unique status as a state-owned reinsurance group and its significant role in the development of the Chinese insurance industry, particularly in the field of catastrophe insurance.
S&P Global Ratings is one of the internationally recognised three major credit rating agencies, with over 150 years of experience in the rating business. It provides world-leading credit rating services worldwide, and its rating standards and outcomes are widely acknowledged in the global financial investment industry.