China Re's profit surges 42%

Posted On: Sep. 3, 2019 5:49 AM CST

China Reinsurance (Group) Corp.'s net profit grew more than 42% year over year to 3.3 billion Chinese yuan ($460 million) in the first half of this year, Asia Insurance Review reported. The growth was driven by financial reinsurance and the inclusion of premium income from U.K.-based Chaucer Syndicates Ltd.