China Re Group is the only state-owned reinsurance group in China and one of the Fortune 500 company, ranking first in Asia and sixth globally by reinsurance premium. It possesses profound cultural basis, leading industry position and extensive brand influence.
Strong shareholder background and sound capital strength. China Re Group was co-founded by the Ministry of Finance of the People’s Republic of China and the Central Huijin Investment Company Limited. As on 31 December 2020, the Group’s gross premium income and total assets amounted to RMB161.574 billion and RMB453.577 billion respectively.
Leader in China’s reinsurance market. China Re Group takes the function as a national reinsurer. It owns rich historical heritage, a strong comparative advantage in domestic resources, huge client base and diversified local and overseas business channels and has been playing the role as the major reinsurance channel in China’s insurance market for a long time.
Strong professional and risk management capabilities. China Re Group owns abundant industry data, preeminent professional and technical strengths and powerful innovative capacity in the industry. It also has well-experienced management and technical teams, efficient group management, prudent risk management and solid fundamental management.
Sound capacity for sustainable development. China Re Group has a remarkable performance in the reinsurance business and a comprehensive organizational structure and a complete industrial chain in insurance, which enable the Group to achieve sustainable development and steady profit growth. China Re Group has rated “A (excellent)” continuously by A.M. Best since 2010, rated “A+” or “A” continuously by Standard & Poor’s since 2014.
The first reinsurance group listed in Hong Kong. On 26 October 2015, China Re Group was listed on the main board of The Stock Exchange of Hong Kong Limited, becoming the first reinsurance group listed in Hong Kong (stock code: 01508.HK).
In 2021, China Re Group released the “One-Four-Five” strategy, namely “one core, four pivots, five enhancements”, to achieve the strategic goal of building the Group into a world-class and comprehensive reinsurance group with sustainable development capabilities in full scale.Read more
China Re rises in global reinsurance ranking, moving up to 7th by gross premium written.
In 2018, China Re Group acquired Chaucer
In 2016, China Re Singapore Branch was established
In 2015, China Reinsurance (Group) Co., Ltd. was listed on the main board of Hong Kong Stock Exchange (stock code: 1508). The Group directly held five domestic subsidiaries and two overseas subsidiaries
In 2014, China Re’s special purpose syndicate 2088 transformed into a stand-alone syndicate
In 2013, China Re’s New York Representative Office was established
In 2011, China Re UK was established, and China Reinsurance Group joined Lloyd's of London
In 2008, China Re’s Hong Kong Representative Office was established
In 2007, China Reinsurance (Group) Co., Ltd. was established
In 2003, China Reinsurance Group was established with six subsidiaries
In 2001, China Re’s Hong Kong Liaison Office was established
In 1999, China Re’s London Representative Office was established
In 1996, the Reinsurance Company of PICC was established to underwrite reinsurance business of the former PICC (Group)
In 1984, PICC established the Reinsurance Department
In 1964, PICC established the Reinsurance Section
In 1949, the People's Insurance Company of China (PICC) was established, the Reinsurance Division was affiliated to the International Business Department of PICC