Reinsurance News
China Re
Zhuang Qianzhi approved as new Chairman of China Re’s Board
9th December 2025
China Reinsurance (Group) Corporation (China Re) has announced that it received approval from the National Financial Regulatory Administration for the qualification of Zhuang Qianzhi as chairman of the Board of Directors on 8 December 2025. This follows China Re’s announcement in September 2025 of the retirement of He Chunlei, chairman ... Read the full article
China Re P&C net profit climbs ~77% in 9M’25
30th October 2025
China Reinsurance (Group) Corporation (China Re) released its unaudited results for the nine months ended 30 September 2025, reporting a net profit of RMB 2,246 million (USD 316m) from its property and casualty subsidiary, up approximately 77% from RMB 1,272 million (USD 178m) in the same period last year. China Property ... Read the full article
China Re announces leadership change as Chairman He Chunlei retires
18th September 2025
China Reinsurance (Group) Corporation has announced the retirement of He Chunlei, chairman of the company’s Board, executive director and the chairman and member of the Strategy and Sustainable Development Committee under the Board of the Company. The resignation of He Chunlei shall take effect from 18 September 2025. “The Company and the ... Read the full article
China Re’s net profit rises 11.4% to RMB 6.6bn in H1’25
29th August 2025
China Reinsurance (Group) Corporation (China Re) released its unaudited results for the first half of 2025, reporting a net profit of RMB 6,599 million, up 11.4% from RMB 5,922 million in the same period a year earlier. The Group achieved gross written premiums of RMB 103,835 million in H1’25, representing a ... Read the full article
China Re’s net profit up ~91% in 2024
28th March 2025
China Re, the country’s state-owned reinsurance company, reported a net profit of RMB 11,080,440 million (USD 1.53bn) for the year ended 31 December 2024, marking a roughly 91% increase from RMB 5,790,593 million (USD 797m) recorded the same period a year prior. This increase aligns with China Re’s estimate released last ... Read the full article
China Re says FY’24 net profit could be up 100% YoY
27th February 2025
China Re, the country's state-owned reinsurance company, has estimated that its net profit for the full year 2024 will increase be 80% to 100% when compared with the prior year, driven by an improved underwriting and investment performance. For 2023, China Re's net profit amounted to RMB5,652 million (~USD 780m). So, the ... Read the full article
China Re Board announces retirement of Non-Exec Director Wang Xiaoya
3rd December 2024
The board of directors of China Reinsurance (Group) Corporation, the country's largest reinsurance firm, has announced the retirement of Wang Xiaoya. Xiaoya has stepped down as Non-Executive Director, Vice Chairlady, and member of the Board's Risk Management Committee, Strategy and Sustainable Development Committee, and Audit Committee. She served as a Non-Executive Director ... Read the full article
China Re reports RMB 6.2bn net profit in 9M’24 led by strong P&C performance
30th October 2024
China Reinsurance Group (China Re) has generated a net profit of RMB 6,192 million (USD 871m) for the first nine months of 2024, driven by a strong result of RMB 1,272 million (USD 178m) in its P&C business which produced a combined ratio of 98.65%. China Re attributed its group-wide net ... Read the full article
China Re see’s high net profit in H1’24, reports successful issuance of new capital bonds
30th August 2024
China Reinsurance (Group) Corporation (China Re), has released its financial results for the first half of 2024, which includes a net profit of RMB 5.921 million, up substantially from RMB 2.067 million in the same period last year. At the same time, the organisation's total operating income grew to RMB 60.686 ... Read the full article
AM Best affirms China Re’s credit ratings
21st November 2023
China Reinsurance Group Corporation (China Re) and its subsidiaries have had their Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” (Excellent) affirmed by AM Best, with a stable outlook assigned. According to the ratings agency, this affirmation has been driven by ... Read the full article
China Re completes set up and capitalisation of digital technology unit
16th October 2023
China Reinsurance (Group) Corporation has completed the establishment of its previously announced subsidiary, China Reinsurance Digital Technology Co., Ltd. (CRDT), which will provide IT services to member companies and launches with registered capital of 200 million yuan (USD 27.4 million), solely funded by the firm. In a previous filing, China Re ... Read the full article
China Re reports substantial H1 net profit increase as P&C segment shines
30th August 2023
China’s largest reinsurance company, China Re, has disclosed it achieved a net profit of RMB 2.067 million in H1 of 2023, up substantially from RMB 365,972 in the same period last year. China Re's gross written premiums during H1 amounted to RMB 102.617 million, representing a year-on-year increase of 16.6%. Meanwhile, ... Read the full article
Munich Re ranked largest reinsurer for third year running by AM Best
22nd August 2023
After taking the top spot from Swiss Re in 2020, the latest data from ratings agency AM Best confirms that German reinsurer Munich Re remains the world's largest reinsurance company when ranked by gross life and non-life premiums written in 2022. With reinsurance gross premiums written (GPW) of ... Read the full article
China Re unveils plans for digital transformation
26th July 2023
China Reinsurance Group (China Re), the country's largest reinsurance firm, launched its digital transformation strategy in Beijing on Tuesday, making arrangements for the group's transition in the coming five years. The company put forward a "1234" working idea with one goal, two integrations, three logics, and four unifications, and clarified the ... Read the full article
China Re sees significant net income growth in Q1 2023, raises capital
5th May 2023
China Reinsurance Group (China Re), the country’s largest reinsurer, has published its first quarter of 2023 results, reporting an increased net profit of RMB 1,235 million and a combined ratio - at its own level - of 103.35%. In the same period last year, the Group reported RMB 463 million in ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
