China Reinsurance Corporation Limited
China Reinsurance Corporation Limited (“China Re”) is one of the largest reinsurance companies in the world, headquartered in Beijing, China. China Re is registered in China as a state-owned company, and is wholly owned by the China Insurance Regulatory Commission (“CIRC”). The China Re Group’s global network covers countries and regions such as Hong Kong and Macau, Europe, USA, Australia and the Middle East. China Re has 85 branches and offices and more than 5,000 employees located around the world. The group has 4 subsidiaries: China Re America, China Re Europe, China Reinsurance Pte Ltd. (Singapore) and China Reinsurance (H.K.) Co., Ltd.
China Re was jointly established in April 1985 by the following units: the China Insurance Regulatory Commission and the China Ministry of Finance, Bank of China, Ministry of Foreign Trade and Economic Cooperation, Ministry of Coal, Ministry of Petroleum Industry and China United Property and Casualty Insurance Co., Ltd. China Re is renowned for its reputation as a pioneering force in the development of the reinsurance industry in China and is a key player in Chinas insurance and reinsurance sector, serving as a research and development center and legislative benchmark for the Chinese insurance industry.
As a “AAA” rated reinsurer and “Qualified Financial Institution”, China Res consistent adherence to the principles of prudence and integrity has earned the company an excellent reputation and recognition. China Re is among the top twenty reinsurers in the world and the number one reinsurance company in Asia. The company is devoted to offering its customers with professional services, efficient and comprehensive solutions in order to meet their unique needs with tailor-made reinsurance products.
China Re is committed to the development and technological advancement of the reinsurance industry. The company actively dedicates its managing and technological resources to developing and improving its digital platform and reinsurance related software, which ensures that the company is able to provide its clients with the most up-to-date services and solutions.
In order to maximize its value as an international reinsurer, China Re has been exploring new investments, diverting more resources and capital into projects that are more profitable and of higher risk. This is a new step in its comprehensive strategic repositioning strategy and will enable the company to expand its exposure into broader industries, incubate cutting-edge projects and promote the healthy development of the reinsurance industry.
China Re is committed to becoming an international reinsurance leader, providing integrated services to customers and continuing to drive innovation. With its sustained efforts and commitment, China Re will continue to be a pioneering force in Chinas reinsurance sector and set the industry standard for quality service and performance.
