AM Best affirms China Re's rating

AM Best has affirmed the “A” (Excellent) financial strength rating and the “a+” long-term credit rating of China Re and its subsidiaries, with a stable outlook.

The rating agency's report highlights the reinsurer’s strong balance sheet, adequate operating performance, neutral business profile, and effective enterprise risk management.

The ratings also reflect China Re’s leading position in the domestic life and non-life reinsurance markets and its role in supporting the sector’s development.

AM Best also commends the support provided by China Investment Corporation, the Chinese government's sovereign wealth fund, to its subsidiary China Re.