Taiping Reinsurance Co., Ltd. (abbreviated as “TPRe”) was incorporated in Hong Kong in September 1980 as a state-owned composite professional reinsurer, undertakes the property and life reinsurance business in Greater China, Asia and all other areas in the world. With head office in Hong Kong, 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.
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 more than 100 markets and has maintained the leading position in Hong Kong’s general reinsurance market for the past years. In 2016, TPRe registered a gross written premium of USD1.36 billion (HK$10.58 billion), and the total assets reached USD3.49 billion (HK$27.2 billion), net profit steadily improved.
With the solid backing of its listed parent company, China Taiping Insurance Holdings Company Limited, 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.