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TPRe Receives A Rating from S&P for the Eighth Consecutive Year

Date:21-01-2020

S&P Global Ratings affirmed the Financial Strength Rating of TPRe at "A" with a stable outlook in a report published on 21 January. It is the eight consecutive years that TPRe has received "A" rating from S&P.

According to the report, the rating reflects China Taiping's long-term commitment of support to TPRe in terms of capital, actuarial, asset management, and risk management governance, as well as TPRe's strategic position as a core subsidiary of Taiping Group. As the main body of China Taiping's reinsurance sector and the important reinsurance centralized management platform, TPRe plays a critical role in China Taiping's internationalization strategy and provides reinsurance support and regional insurance market insights to the Group's affiliates.

S&P is a professional international rating agency that has long been recognized by global investors and financial policymakers for its independent analysis, market expertise and leading ideas.