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

2021-01-29

S&P Global Ratings affirmed the Financial Strength Rating of TPRe at “A” with a Stable outlook in a report published on 29 January. This is the ninth consecutive year that TPRe has received “A” rating from S&P.


According to the report, the rating reflects that TPRe plays a critical role in China Taiping Insurance Group’s internationalization strategy, which includes the expanding footprint in overseas markets and the Greater Bay Area. TPRe also provides reinsurance support and insurance market insights to the group's affiliates.


S&P believes that TPRe will continue to benefit from the strong long-term commitment of China Taiping in terms of asset management, capital, information technology, and risk management governance. The addition of strategic investor Ageas is expected to bring in expertise in areas such as international business exposures, risk management, and governance while the expanded capital base will support TPRe’s business expansion and weather earnings volatility over the next two years.