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A.M. Best Confirmed A Ratings for China Re Group, China Re P&C, China Re Life and China Continent Insurance; Awarding A Rating to Chaucer Insurance Company Designated Activity Company and A- Rating to China Re Hong Kong for the First Time

2019-12-26 16:01:26

  Recently, A.M. Best confirmed the financial strength rating and long-term issuer credit rating of China Re Group and its subsidiaries China Re P&C, China Re Life and China Continent Insurance are "A (Excellent)" and "a", with stable outlooks. Meanwhile, A.M. Best awarded financial strength rating “A (Excellent)” and a long-term issuer credit rating “a” to Chaucer Insurance Company Designated Activity Company, financial strength rating “A- (Excellent)” and a long-term issuer credit rating “a-” to China Re Hong Kong, with a stable outlook.

  China Re Group, China Re Property Insurance and China Re Life Insurance have received A.M. Best’s "A" ratings for ten consecutive years. Since 2014, China Continent Insurance has been awarded A.M. Best’s "A" rating for six consecutive years. Both Chaucer Insurance Company Designated Activity Company and China Re Hong Kong received A.M. Best ratings for the first time this year. Excellent ratings reflect China Re’s "very strong" balance sheet strength, good operating performance and deepened international strategy, and its unique status as the only state-owned reinsurance group in China

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