Taiping Reinsurance Co., Ltd. (hereinafter referred to as “TPRe”) was incorporated in Hong Kong in September 1980 as a state-owned composite professional reinsurer. In 1999, the company name was changed to China International Reinsurance Company Limited ("CIRe"). Then, in August 2009, following the brand name unification of China Taiping, the current company name was adopted. With head office in HK, TPRe also set up operating platforms in the region and overseas, including subsidiaries in Beijing and London, a branch in Labuan, Malaysia as well as a representative office in Japan. In 2016, TPRe registered a gross written premium of HK$10.58 billion and the profit after tax reached HK$434 million. As at March 2017, TPRe's paid-up capital is increased to HK$5.1461 billion.
As one of the renowned professional reinsurance companies based in Asia, TPRe possesses well-recognized market position and underwrites reinsurance business all over the world. Currently, TPRe serves clients from around 80 markets and it has maintained the leading position in Hong Kong's general reinsurance market for the past 4 consecutive years. By doing business in the global insurance market place, TPRe provides reinsurance services to the Chinese enterprises whom have opted the "Going Out" strategy, whilst delivering trustworthy high-quality and efficient services to all customers.
With the solid backing of its listed parent company, China Taiping Insurance Holdings Company Limited (“CTIH”), TPRe is highly respected for its prudent business strategy and strong financial strength. For years, TPRe has achieved “A” (strong/excellent) financial strength ratings from renowned international rating agencies, including S&P, A.M. Best and Fitch.
As a core member of China Taiping Insurance Group, TPRe will adhere to the Group’s development strategy and endeavor to build “an Asia leading, globally influential, international top-quality reinsurance company”. With its 4-transformation road map, namely, “from a regional reinsurer to a global reinsurer”; “from a market follower to a market leader”; “from a traditional non-life business focused reinsurer to a composite reinsurer with balanced life & non-life portfolio”; and “from a traditional capacity provider to a comprehensive service provider”, TPRe is fully dedicated to deliver more efficient and high-quality services to all clients.