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Taiping Reinsurance Co. Ltd. Dec 11
Standard & Poors, Dec 2011
Abstract
Strong niche market position in Asia Good historical earnings with some recent volatility due to regional events Strong capital relative to risks Smaller operations than global reinsurers' Catastrophe loss impact in 2011 The rating on Taiping Reinsurance Co. Ltd. (TPRe) reflects the company's strong business profile in Hong Kong and growing position in China, along with its good niche market position in the rest of Asia. The insurer's satisfactory historical operating performance and strong capitalization also support the rating. TPRe's earnings in 2011 have been affected by regional catastrophe events, the losses of some of which are not yet known. The insurer's risk exposure outside its main markets and its limited technical resources compared with larger international reinsurance companies moderate...
Companies mentioned in this report are: Taiping Reinsurance Co. Ltd.,China Taiping Insurance Holdings Co. Ltd.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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