On 23 December 2016, the visiting group led by Mr. Chen Jingyao, Chairman of China United Insurance Holding, was warmly received by Mr. Yuan Linjiang, our Chairman. Both parties conducted in-depth communication on matters in relation to the cooperation. Mr. Yuan Linjiang, our Chairman, entered into the Comprehensive Strategic Cooperation Agreement with Mr. Chen Jingyao, Chairman of China United Insurance Holding. Mr. Zhang Hong, President of China Re Group, Vice Chairman Mr. Wang Pingsheng, Vice President Mr. Ren Xiaobing, Vice President Ms. Yu Qing, as well as Mr. Li Yingchun, the General Manager of China United Insurance Holding, Mr. Ding Jianping, Chairman of the Board of Supervisors, Mr. Luo Haiping, the Deputy Managing Director and Chairman of China United Property Insurance, Mr. Liu Xianlong, the Deputy General Manager and Chairman of China United Life Insurance, etc. attended the signing ceremony.
China United Insurance Holding and China Re Group have maintained good relationship of cooperation, especially in the field of property and casualty insurance, as China United P&C has chosen China Re P&C as the chief reinsurer of its major reinsurance contracts, such as agreement contract, agricultural insurance contract, etc. for a long period of time. The signing of the Agreement brings the cooperation between both parties to the level of comprehensive strategic relationship of cooperation. They will deepen or expand their cooperation in the national strategic business, such as “One Belt One Road”, catastrophe insurance, agricultural insurance, military insurance, etc., as well as in the innovative business fields, such as construction work quality insurance, network security insurance, etc.; increase the cooperation efforts in respect of product design and reinsurance support for the business of pension and health insurance and annuity insurance, as well as sharing of the specialized underwriting system; both parties will actively explore the cooperation opportunities in respect of equity investment and debt investment, and promote technology exchange and information sharing. The signing of the Comprehensive Strategic Cooperation Agreement symbolises the cooperation between both parties has entered into a new stage and opened a new chapter.
China United Insurance Holding is the second state-owned insurance holding company established in China and it has formed a business profile driven by the three wheels of property insurance, life insurance and asset management. China United Insurance Holding operates nearly 5000 types of insurance, it has been one of the “Top 500 Chinese Brands” for eleven consecutive years and ranks No. 4 in “Asian Insurance Industry Competency Ranking - Non-life Insurance Company in China”. China Re Group will bring into full play the state-owned reinsurer’s policy advantages, resources advantages, technical and personnel advantages in related fields to provide China United Insurance Holding with a full range of technical and business support. Through cooperation, both parties will continue to expand their areas of cooperation, complement each other to strengthen the depth of cooperation, achieve joint development and mutual benefits.
Mr. Zhao Wei, Assistant to the President of China Re Group and the General Manager of China Re AMC, Ms. Li Yuanyuan, the General Manager of China Re P&C, Mr. Tian Meipan, the General Manager of China Re Life, Mr. Wang Zhongyao, Assistant to General Manager of China Re P&C, Li Wei, the General Manager of the Strategic Account Department of China Re Group, Wang Lizhi, the General Manager of Chairman of China United Property Insurance, Sun Yuchun, the General Manager of China United Life Insurance, Jiang Yuewu, the General Manager of the Strategic Development Department of China United Insurance Holding, Wang Hui, the General Manager of the Reinsurance Department of China United Property Insurance, etc. also attended the signing ceremony.
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