Taiping Reinsurance Co., Ltd. (hereinafter referred to as "TPRe") was incorporated in Hong Kong in September 1980. Being the only professional reinsurance company within China Taiping Insurance Group Ltd. (hereinafter referred to as "China Taiping" or the "group"), TPRe is the only Chinese reinsurer which maintains operating business platforms across Mainland China and Hong Kong, as well as in overseas market, whilst also holding composite licenses for underwriting general (non-life, or so-called property and casualty) and life reinsurance business.
As one of the well established reinsurance companies in Asia, TPRe actively engages in underwriting reinsurance business all over the world. TPRe underwrites all classes of general reinsurance as well as certain classes of life reinsurance, and currently serves clients from more than 100 markets, so as to achieve coherent and balanced portfolio. TPRe has maintained a leading position in Hong Kong's general reinsurance market for the past years. Abiding by prudent, efficient and flexible underwriting policy and management approach, TPRe has achieved "A" (strong/excellent) financial strength ratings from renown international rating agents, including S&P, A.M. Best and Fitch.
For the year 2020, TPRe registered gross premium income of HK$19.43 billion and the total assets reached HK$55.7 billion.
As a core member of China Taiping, TPRe will adhere to the group operational model, strive to accelerate general and life reinsurance business growth, whilst delivering trustworthy high-quality services to customers.