Fitch Ratings affirmed the Insurer Financial Strength (IFS) Rating of Taiping Reinsurance Company Limited (TPRe) at “A” (Strong) with a Stable Outlook in a report published on 27 February. This is the 14th consecutive year TPRe has been rated “A” by Fitch Ratings.

According to the report, TPRe is viewed as China Taiping Insurance Group's “Very Important” subsidiary. Fitch comments TPRe's balance sheet strength remains strong and expects TPRe to manage its asset risks and optimise the structure of its life reinsurance business.

For details, please refer to the attachment: Fitch Ratings Report