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 Chaucer Insurance Company Designated Activity Company. All of these entities have been awarded an “A” rating with a stable outlook. S&P was of the view that the adoption of the revised insurer capital model would not have a material impact on China Re’s financial strength assessment. This rating is a testament to China Re Group’s leading position in the domestic reinsurance market, its diversified business layout, 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.

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