Swiss insurance group Nationale Suisse and the Chinese reinsurer China Re P&C have partnered to develop tailored solutions in the fine art, engineering and marine sectors for the Chinese market.
Nationale Suisse said the strategic partnership agreement for the Chinese market represents the next step of its Asia strategy and in the long-term development of the specialty line business.
Hans Künzle, chief executive officer of the Nationale Suisse Group, said: "We are very pleased with the partnership agreement with China Re P&C, being a highly reputable and very well established leading Chinese reinsurer. We are two companies with high focus on product innovation and qualitative underwriting and we have common ambitions to further develop the cooperation. This agreement forms an excellent foundation for a strong and successful partnership in this important strategic market.”
Zhang Hong, Chairman of China Re P&C, said: "With Nationale Suisse, we could find a strong partner for broadening our range of specialty insurance and reinsurance solutions, especially in fine art, engineering and marine. There is a strong market trend towards highly specialized and tailor-made risk solutions and we are going to form part of this by fostering our service and product offering for our clients. We also look forward to expanding our reinsurance support of Nationale Suisse in its global business growth efforts.”
Nationale Suisse, Chine Re P&C, Europe, Asia-Pacific