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has commented that the ratings of China International Reinsurance Company Limited (CIRe) (Hong Kong) remain unchanged following the announcement of the proposed acquisition of The Ming An (Holdings) Company Limited (MAH) by CIRe's immediate parent, China Insurance International Holdings Company Limited (CIIH).
The rating reflects the company's improved capital position as a result of the initial public offering of its holding company, China Insurance International Holdings Company Limited, conservative underwriting leverage and strong distribution capability.