Taiping Reinsurance Brokers Ltd, one of China Taiping subsidiaries has been given an approval by Lloyd's to set up as a Lloyd's broker. This is the second approval after Taiping Reinsurance Ltd was given a green light to set up as a Lloyd's syndicate in November 2015. Two of China Taiping's subsidiaries entering Lloyd's will bring significant advantage and reinforcement to its overseas operation.
Taiping Reinsurance (TPRe) incorporated in Hong Kong in September 1980. It is the largest reinsurer in Hong Kong and one of the well-established reinsurance companies in Asia. A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of "a" of TPRe in September 2015. The outlook for both ratings is stable. The ratings reflect TPRe's solid risk-adjusted capitalisation and improved operating performance.
Taiping Reinsurance Brokers (TPRB) established in Hong Kong in July 1996. TPRB is a professional insurance broking subsidiary of China Taiping, providing insurance and reinsurance broking, risk assessment and risk consulting services. TPRB's business territories cover Hong Kong, Macau, China, Asia Pacific and European region. TPRB is a member of the Hong Kong Confederation of Insurance Brokers.