A.M. Best, the credit rating company, published a special report in September, announcing the top 51 global reinsurance groups based on the gross premiums written in 2011. China Re ranks the 8th with 6,179 million US dollars gross reinsurance premiums written in 2011. China Re ranked the 13th last year with 3,796 million US dollars gross reinsurance premiums.
This year’s uplifting of the ranking is both due to the contribution made by the good cooperative relationship between China Re and China’s domestic insurance companies to the continuous business development, and to the prosperity of domestic reinsurance market as well as the promotion of China Re’s internal management.
Recent years, China Re is promoting reform and innovation steadily with strengthened basic management and better technical ability and service level. China Re will continue to improve its business quality, optimize capital allocation, strengthen risk control, internal control and law appliance, financial budget and actuarial management. With the direction of marketization, professionalization and internationalization, China Re will devote to the building of a global reinsurance group with core competitiveness, for the purpose of long-term and sustainable development.