Fitch Affirms China Taiping Insurance (UK) Co Ltd at IFS 'A-'


On 25 October 2021, Fitch Ratings has affirmed China Taiping Insurance (UK) Company Limited's (TPUK) Insurer Financial Strength (IFS) Rating at 'A-' (Strong). The Outlook is Stable.


The affirmation reflects the benefits of TPUK's ownership by China Taiping Insurance Group Ltd (Group), its strong capitalisation and the importance of TPUK to the international development strategy of the Group.


Although the UK's Covid-19 situation is still causing uncertainty and giving rise to further challenges to the company's operation and development, Fitch Ratings expects TPUK to continue to benefit from the Group's overall strength and international development strategy, and its future underwriting performance will show gradual improvement and further stability.