A.M. Best Comments on Credit Ratings of China Reinsurance (Group) Corporation and Its Subsidiaries Following Acquisition Announcement
This Credit Rating (rating) commentary follows China Re’s announcement on
A.M. Best’s view is that the proposed acquisition will allow China Re to gain a meaningful presence in the international primary property/casualty and reinsurance markets, through diversifying its risks by jurisdiction and line of business. It also brings potential long-term benefits of Chaucer’s specialty-line expertise, especially in the areas of political and nuclear risks, which could allow China Re to enhance its underwriting capabilities and competitiveness to serve opportunities resulting from the Chinese Belt and Road initiative.
China Re’s subsidiaries include
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
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