HONG KONG, April 1 (Bernama-BUSINESS WIRE) -- A.M. Best has assigned a financial strength of A (Excellent) and the issuer credit rating of “a” to Taiping Reinsurance (China) Company Ltd. (TPRe (China)) (China). The outlook assigned to both ratings is stable. TPRe (China) is a wholly owned subsidiary ofTaiping Reinsurance Company Limited (TPRe).
The ratings reflect the strategic importance of TPRe (China) to TPRe, TPRe (China)’s adequate standalone balance sheet strength based on the business plan projection provided to A.M. Best, management’s solid experience in China’s domestic market, and the average but catastrophe-sensitive historical operating performance that TPRe’s Beijing branch has achieved over the past five years.
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