Artemis ILS NYC 2020


Reinsurance News

China Re

China Re launches nation’s first commercial earthquake cat model

27th August 2019

China Reinsurance Corporation (China Re) has launched a new proprietary commercial earthquake catastrophe model for China, which aims to benefit the country’s re/insurance sector through improved costs and accuracy. China Earthquake Catastrophe Model v2.0, which has been certified by the Seismological Society of China, is also expected to fundamentally change the ... Read the full article

China Re estimates up to 45% uplift in first-half profits

6th August 2019

China Reinsurance Corporation (China Re) has put a preliminary estimate for its first-half 2019 results, suggesting as much as a 45% uplift in profits is to be expected. For the first six months of 2019, China Re's estimates suggest that net profit attributable to equity shareholders in the reinsurer may be ... Read the full article

China Re partners with Portugal’s Fidelidade on Belt & Road projects

22nd July 2019

China Re has entered into a new partnership with Portuguese insurer Fidelidade to help support Chinese investments under the ambitious Belt and Road initiative. Working together, the companies will contribute to the implementation of reinsurance solutions for projects in Portugal, Spain, France, Angola, Mozambique, Cape Verde and Peru. The announcement comes shortly ... Read the full article

MAPFRE & China Re to collaborate on Belt and Road re/insurance projects

9th July 2019

Spanish re/insurance firm MAPFRE has announced a new partnership with China Re, which will see them collaborate on insuring investments related to China’s massive infrastructure plan, the Belt and Road Initiative (BRI). As part of the agreement, which was marked by a memorandum of understanding, MAPFRE will offer insurance and reinsurance ... Read the full article

China Re appoints Liu Xiaopeng as Non-Executive Director

24th June 2019

The Board of Directors of China Reinsurance Corporation (China Re) has approved the nomination of Liu Xiaopeng as a Non-Executive Director for the Board's fourth session. Xiaopeng is currently the director of the strategic operations of Gome Holdings Group Company Limited, an industrial conglomerate that operates in retail, finance, real estate, ... Read the full article

All elements of China Re’s Chaucer acquisition now finalised

11th April 2019

International specialty insurance and reinsurance group, Chaucer, has announced that China Reinsurance Corporation (China Re) has completed the acquisition of Chaucer Insurance Company DAC in Ireland and SLE in Australia, from The Hanover Insurance Group, Inc. China Re announced it had finalised its takeover of Chaucer in December 2018, noting ... Read the full article

China Re launches renewable energy consortium at Lloyd’s

11th March 2019

China Re Corporation has announced the launch of a renewable energy consortium at Lloyd’s, focused on reinsurance for the construction and operation of offshore wind farms in mainland China. China Re’s Syndicate 2088 manages and co-leads the consortium alongside Canopius Syndicate 4444 and Travelers Syndicate 5000. It is also supported Chaucer Syndicate ... Read the full article

China Re completes acquisition of Chaucer

31st December 2018

China Re has successfully completed its previously announced acquisition of the holding company of Chaucer, the London-based and Lloyd's focused specialty re/insurance business of The Hanover. The transaction was valued at around $950 million, made up of a cash consideration of $865 million paid by Hong Kong listed China Re, ... Read the full article

European Commission approves China Re’s acquisition of Chaucer

19th December 2018

The European Commission has approved China Re’s previously announced acquisition of Chaucer, concluding that the deal does not give rise to any competition concerns. The EU governing body explained that the proposed transaction may entail “horizontal overlaps between the companies’ activities,” but would ultimately raise no competition concerns given the ... Read the full article

China Re Life approved to issue capital bonds up to $720mn

15th November 2018

China Re has announced that its subsidiary, China Life Reinsurance Company Ltd. (China Re Life), has been approved to publicly issue 10-year redeemable capital supplementary bonds with a size of up to RMB 5 billion (US $720 million). The life reinsurer will be able to issue the bonds in the National ... Read the full article

China Re acquires Chaucer from The Hanover in $950m deal

13th September 2018

China Re, one of Asia’s leading reinsurers, has acquired The Hanover’s London-based Specialty business Chaucer in a deal that totals $950 million and accelerates the state-backed group's international development. The transaction includes a cash consideration from China Re of $865 million and a pre-signing dividend from Chaucer of $85 million, received ... Read the full article

China Re launches new earthquake catastrophe model

25th May 2018

State-backed reinsurer China Re Group has launched a new earthquake catastrophe model with independent intellectual property rights to improve the accuracy of earthquake loss assessment in China’s re/insurance industry. The new model was developed in collaboration with state-level scientific research institutions and factors in China’s unique geological structure, seismic activity characteristics, ... Read the full article

Fitch expects Asian reinsurers to increase use of debt capital

8th August 2017

Fitch Ratings expects the Asian bond market to gain traction in the near to medium term as the persistent low-interest rate environment fuels reinsurers in the region to look at debt capital over equity funding. The majority of reinsurance companies across Asia are equity-funded, but in a low-interest rate environment, which ... Read the full article

Reinsurer launches first catastrophe research centre in China

5th July 2017

China's largest reinsurance company, China Re, has launched the first centre dedicated to catastrophe, weather and natural disaster research in the country. It is the first research institution focusing on disasters and through its work China Re hopes that new technologies and services can be developed, which will support the development ... Read the full article

China Re reports $845m of written premium for first two months of 2017

16th March 2017

China is a target market for insurance and reinsurance players, but lately it hasn't been particularly easy-going, with reports of major reinsurers pulling-back as domestic players begin to dominate the market. Today, China Re, the largest domestic player in both insurance and reinsurance, has reported its premium income for the ... 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.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.