English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 17 December 2019, 14:51 HKT/SGT
The Authorization on Reinsurance Business for China Re Hong Kong

HONG KONG, Dec 17, 2019 - (ACN Newswire) - On December 16th, 2019, China Reinsurance (Hong Kong) Company Limited (hereinafter referred to as "China Re Hong Kong") was officially authorized by the Insurance Authority to carry on reinsurance business of long term business in or from Hong Kong.

China Re Hong Kong is a wholly-owned subsidiary of China Life Reinsurance Company Ltd. with a paid-up capital of HK $ 2 billion. It is registered in Hong Kong and provides a full range of risk protection and customized reinsurance solutions for Asian and global markets. China Re Hong Kong mainly operates the life and health reinsurance business, and offers a wide range of reinsurance products, such as life and health insurance, etc. By providing treaty reinsurance and facultative reinsurance, it can transfer and mitigate insurance risks via proportional or non-proportional reinsurance arrangement.

China Re Hong Kong is the first domestic insurance company approved to be established in Hong Kong since the establishment of the China Banking and Insurance Regulatory Commission. The company will give full play to the functions of risk management, technology advancement and financing in the scope of life reinsurance, as well as the "Belt and Road Initiative", and the construction of Guangdong-Hong Kong-Macao Greater Bay Area, so as to contribute to the prosperity and development of the insurance industry in Hong Kong and Mainland China.

Topic: Press release summary Sectors: Daily Finance, Daily News
From the Asia Corporate News Network

Copyright © 2022 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Latest Press Releases
The On-Site Meeting of 'Beautiful Countryside Construction - Qianwan Project' Held in Jiande, Hangzhou  
Dec 4, 2022 18:00 HKT/SGT
Palladium One Announces Increase in Brokered Private Placement Financing from C$3 million to C$4.2 million  
Dec 3, 2022 07:00 HKT/SGT
Startups rapidly emerging from Central Japan - local entrepreneurs explain why  
Friday, December 2, 2022 11:00:00 PM
Startups rapidly emerging from Central Japan - local entrepreneurs explain why  
Friday, December 2, 2022 11:00:00 PM
Malaysian Investors take part in Indonesia Investment Forum in Penang  
Dec 2, 2022 21:00 HKT/SGT
Revealing crystal structures robotically  
Dec 2, 2022 20:00 HKT/SGT
GobizKOREA Releases a Virtual Exhibition Platform - Gobiz Town  
Dec 2, 2022 20:00 HKT/SGT
Entrepreneur Day and Start-up Express help innovators adapt to the post-pandemic era  
Dec 2, 2022 19:00 HKT/SGT
Business of IP Asia Forum sheds light on Global IP business opportunities  
Dec 2, 2022 19:00 HKT/SGT
Blockpass releases crypto's first Unhosted Wallet KYC  
Friday, December 2, 2022 1:00:00 PM
More Press release >>
More events >>
Copyright © 2022 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575