PICC Reinsurance Co., Ltd. (referred to as PICC RE) is a professional reinsurance company established in February 2017 with a registered capital of CNY 4 billion ($615 million) from PICC Group (People's Insurance Group of China Co., Ltd) and PICC P&C (PICC Property and Casualty Co., Ltd) with 51% and 49% respectively. Our business scope includes property, casualty, life and health reinsurance, reinsurance consultancy and insurance assets management.
PICC RE adheres to high-quality development strategy and focuses on professionalism, service and risk management. Our experienced team brings about unique competitiveness. We are making endeavor to provide bespoke solutions to key clients. Since the beginning of our business, we had provided reinsurance covers with total sum insured of several billions Yuan for various insurance companies. At the same time, we served a number of local governments with innovative insurance solutions on catastrophe cover, new energy, aviation and aerospace, especially for first pilot equipment and materials.
PICC RE has Moody's A3 rating with stable prospective.