Recently, S&P Global Ratings officially affirmed the long-term financial strength ratings and issuer credit ratings of China Re and its subsidiaries—China Re P&C, China Re Life, China Re Life (Hong Kong), and Chaucer Ireland—at “A,” with a stable outlook. These ratings reflect China Re’s leading position in the domestic reinsurance market, the diversified profit sources generated by its overseas business development, its expanding influence in the international market, and a capital position commensurate with the current rating level. They also reflect China Re’s unique status as a state-owned reinsurance group and the important strategic role it plays in the development of China’s insurance industry.

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