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AM Best Affirms Credit Ratings of China Reinsurance (Group) Corporation and Its Subsidiaries

Retrieved on:

Friday, November 17, 2023

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” (Excellent) of China Reinsurance (Group) Corporation (China Re) (China) and its subsidiaries.

Key Points:

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” (Excellent) of China Reinsurance (Group) Corporation (China Re) (China) and its subsidiaries.
The ratings also recognise the strategic role China Re has in supporting the continuous development of China’s insurance and reinsurance industry.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Upgrades Issuer Credit Rating of China Reinsurance (Group) Corporation and Its Subsidiaries

Retrieved on:

Friday, November 18, 2022

AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to a+ (Excellent) from a (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of China Reinsurance (Group) Corporation (China Re) (China) and its subsidiaries.

Key Points:

AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to a+ (Excellent) from a (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of China Reinsurance (Group) Corporation (China Re) (China) and its subsidiaries.
The ratings also recognise the strategic role China Re has in supporting the continuous development of Chinas insurance and reinsurance industry.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

3D Calls on Outside Directors to Address Sapporo’s Prolonged Underperformance

Retrieved on:

Tuesday, November 8, 2022

Retail, Other Professional Services, Professional Services, Wine & Spirits, Constellation, News, Company, Total shareholder return, Kirin, China Re, Person, Business transformation, Multimedia, Foreign exchange market, Guinness, Independent, International trade, Financial Instruments and Exchange Act, ROE, Heineken, United Breweries Group, Philosophy, Exercise, UK Corporate Governance Code, CGS, AB InBev, Carlsberg, 3D, Intention, Constellation Brands, Communication, CCU, Kirin Holdings, Letter, Sale, TSR, Systematic review, San Miguel Corporation, Business, Third party, Asahi, Sapporo Breweries, Investment, HiteJinro, Outside, Molson Coors Beverage Company, Language, Financial instrument, Guideline, Television, Management, 3D printing, Fine chemical, Risk management, Financial adviser, Security (finance), Public relations, Bloomberg, Diageo, Organization

3D believes it is essential that Outside Directors seek opinions and new ideas from shareholders as they fundamentally reexamine Sapporo's existing management policies.

Key Points:

3D believes it is essential that Outside Directors seek opinions and new ideas from shareholders as they fundamentally reexamine Sapporo's existing management policies.
Sapporos new Medium-Term Management Plan (the MTMP) must address the root causes of Sapporos prolonged underperformance.
In October 2022, 3D requested that Sapporo's Outside Directors initiate a comparative review of the Value Enhancement Plan and the new MTMP formulated by Sapporo's management team.
Outside Directors need to solicit a broader range of shareholders views on what they expect from Outside Directors.

AM Best Affirms Credit Ratings of China Reinsurance (Group) Corporation and Its Subsidiaries

Retrieved on:

Friday, November 19, 2021

Banking, Professional Services, Insurance, Finance, Government, News, Insurance, Credit, Data, Industry, Income, AM Best, USD, RMB, China Re, COVID-19, ALL, Ministry, AM, FSR, Communication, ERM, Risk management, Reinsurance

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of a (Excellent) of China Reinsurance (Group) Corporation (China Re) (China) and its subsidiaries.

Key Points:

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of a (Excellent) of China Reinsurance (Group) Corporation (China Re) (China) and its subsidiaries.
The Credit Ratings (ratings) of China Re reflect its balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

Global Atlantic Announces $4.8 USD Billion Whole Life Reinsurance Deal

Retrieved on:

Tuesday, July 13, 2021

Professional services, Insurance, Finance, Reinsurance companies, Insurance, Finance, AXA, China Re, Reinsurance, Axa XL, Chubb Limited

Global Atlantic Financial Group (Global Atlantic) , a leading U.S.-focused annuity, life insurance and reinsurance company, today announced the signing of a USD $4.8 billion reinsurance transaction between its Bermuda-based subsidiary Global Atlantic Assurance Limited and AXA China Region Insurance Company Limited and AXA China Region Insurance Company (Bermuda) Limited (AXA HK).

Key Points:

Global Atlantic Financial Group (Global Atlantic) , a leading U.S.-focused annuity, life insurance and reinsurance company, today announced the signing of a USD $4.8 billion reinsurance transaction between its Bermuda-based subsidiary Global Atlantic Assurance Limited and AXA China Region Insurance Company Limited and AXA China Region Insurance Company (Bermuda) Limited (AXA HK).
Global Atlantic Financial Group (Global Atlantic) is the marketing name for The Global Atlantic Financial Group LLC and its subsidiaries.
Reinsurance transactions are entered into by Global Atlantic Assurance Limited, Global Atlantic Re Limited, Commonwealth Annuity and Life Insurance Company or one of their affiliates.
Reinsurance is placed, where required by applicable law, by Global Atlantic Risk Advisors, L.P., a licensed reinsurance intermediary and subsidiary of The Global Atlantic Financial Group LLC.

AM Best Upgrades Credit Ratings of China Reinsurance (Hong Kong) Company Limited

Retrieved on:

Wednesday, June 16, 2021

Banking, Professional services, Insurance, Finance, Reinsurance companies, Insurance companies, Insurance, Credit rating agencies, Finance, Actuarial science, Reinsurance, China Re

These Credit Rating (rating) actions follow AM Bests assessment of China Re HK being a newly added member of the groups lead rating unit, China Reinsurance (Group) Corporation (China Re Group).

Key Points:

These Credit Rating (rating) actions follow AM Bests assessment of China Re HK being a newly added member of the groups lead rating unit, China Reinsurance (Group) Corporation (China Re Group).
China Re HK is a wholly owned subsidiary of China Life Reinsurance Company Ltd. (China Re Life), which is wholly owned by China Re Group.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Revises Issuer Credit Rating Outlook to Positive for China Reinsurance (Group) Corporation and Its Subsidiaries; Affirms Credit Ratings of China Reinsurance (Hong Kong) Company Limited

Retrieved on:

Thursday, November 19, 2020

Professional services, Insurance, Finance, Reinsurance companies, Insurance, China Re, Reinsurance, Companies, Finance, China Taiping Insurance Holdings

At the same time, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of a- of China Reinsurance (Hong Kong) Company Limited (China Re HK) (Hong Kong).

Key Points:

At the same time, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of a- of China Reinsurance (Hong Kong) Company Limited (China Re HK) (Hong Kong).
China Re HK is a wholly owned subsidiary of China Life Reinsurance Company Ltd. (China Re Life).
China Re has demonstrated favourable financial flexibility with a track record of raising capital through equity and debt capital markets.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .

AM Best Assigns Credit Ratings to China Reinsurance (Hong Kong) Company Limited

Retrieved on:

Tuesday, December 17, 2019

Insurance, Professional services, Reinsurance companies, Insurance companies, Insurance, Finance, Reinsurance, China Re, Gen Re, Grinnell Mutual

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- to China Reinsurance (Hong Kong) Company Limited (China Re HK) (Hong Kong).

Key Points:

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- to China Reinsurance (Hong Kong) Company Limited (China Re HK) (Hong Kong).
China Re HK is a wholly owned subsidiary of China Life Reinsurance Company Ltd. (China Re Life), the domestic and international life and health reinsurance arm of China Reinsurance (Group) Corporation.
China Re HK is a newly formed life reinsurance company domiciled in Hong Kong focusing on the life reinsurance business.
For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .