China Reinsurance (Hong Kong) Company Limited ("China Re HK"), officially established in December 2019 with a registered capital of HK$4 billion, is a professional life and health reinsurer under China Re Group, providing comprehensive risk coverage and customised reinsurance solutions in Asian and global markets. Standard & Poor's has affirmed China Re HK's financial strength rating (FSR) and long-term issuer credit rating (ICR) of A (Excellent) with a stable outlook for three consecutive years. A.M. Best has upgraded the company's long-term issuer credit rating (ICR) from "a" to "a+". The outlook is stable.
China Re HK is the first domestic insurance company to be approved by the China Banking and Insurance Regulatory Commission (CBIRC) and incorporated in Hong Kong. Its parent company, China Life Reinsurance Company Ltd. ("China Re Life"), is a wholly-owned principal business subsidiary of China Reinsurance (Group) Corporation and the only company in China specialising in life reinsurance, with a stable market share of No. 1 in China and No. 5 internationally, providing reinsurance coverage for hundreds of millions of life insurance policies every year.
In the future, China Re HK will hold high the banner of the national team of reinsurance, take the initiative to choose to seek change and return to the two original origins of risk protection and service characteristics, actively promote the implementation of the 14th Five-Year Plan, serve the national strategy of "One Belt, One Road", the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and the internationalisation of the RMB, and contribute to the stability, prosperous development of the life insurance industry in Hong Kong and the Mainland.
China Reinsurance (Hong Kong) Company Limited ("China Re HK"), officially established in December 2019 with a registered capital of HK$4 billion, is a professional life and health reinsurer under China Re Group, providing comprehensive risk coverage and customised reinsurance solutions in Asian and global markets. Standard & Poor's has affirmed China Re HK's financial strength rating (FSR) and long-term issuer credit rating (ICR) of A (Excellent) with a stable outlook for three consecutive years. A.M. Best has upgraded the company's long-term issuer credit rating (ICR) from "a" to "a+". The outlook is stable.
China Re HK is the first domestic insurance company to be approved by the China Banking and Insurance Regulatory Commission (CBIRC) and incorporated in Hong Kong. Its parent company, China Life Reinsurance Company Ltd. ("China Re Life"), is a wholly-owned principal business subsidiary of China Reinsurance (Group) Corporation and the only company in China specialising in life reinsurance, with a stable market share of No. 1 in China and No. 5 internationally, providing reinsurance coverage for hundreds of millions of life insurance policies every year.
In the future, China Re HK will hold high the banner of the national team of reinsurance, take the initiative to choose to seek change and return to the two original origins of risk protection and service characteristics, actively promote the implementation of the 14th Five-Year Plan, serve the national strategy of "One Belt, One Road", the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and the internationalisation of the RMB, and contribute to the stability, prosperous development of the life insurance industry in Hong Kong and the Mainland.