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Fitch Ratings Affirms TPRe's Financial Strength Rating at A for the Eleventh Consecutive Year

2020-03-16

Fitch Ratings has 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 16th March. This is the eleventh 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. The rating agency added that “The affirmation of TPRe's IFS Rating reflects its continued strong underwriting results from its P&C reinsurance portfolio and robust premium growth in its major markets of mainland China, Hong Kong and Macau.”