China’s race for scale in Asian reinsurance

ACR’s sale to an arm of the Chinese government finally releases 3i from a troubled, decade-long investment and creates a more formidable competitor in the reinsurance market.

China’s race for scale in Asian reinsurance

Reinsurance is a game of scale

The hotly-contested auction of pan-Asian reinsurer ACR Capital Holdings illustrated Chinese players’ rush to bulk up in their home market and beyond.

Singapore-headquartered ACR said on Wednesday that two Shenzhen government-owned entities, Shenzhen Qianhai Financial Holdings QFH and Shenzhen Investment Holdings SIH, had won an auction for the firm.

In China, many banks are based in Beijing, insurers are headquartered in Shanghai...

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