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 10 march. this is the thirteenth 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 affirmation of tpre's ifs rating reflects its robust capitalisation, strong brand recognition in the industry and underwriting performance. fitch further comments that tpre has an established brand, a diversified product mix and remains focused on its core markets in apac, mainly greater china. the strategic investor, ageas insurance international nv, may share underwriting expertise with tpre, which supports its long-term business expansion in europe and other asian markets.