- Language: English
- Published: January 2013
- Region: China
China Taiping Insurance (HK) Co. Ltd. Dec 11
- ID: 2036046
- December 2011
- Region: China
- Standard & Poors
Strong capitalization Good market position Satisfactory investment profile Moderate albeit improving underwriting performance Above-market-average exposure to statutory liabilities in Hong Kong The rating on China Taiping Insurance (Hong Kong) Ltd. (CTI HK) reflects the insurer's strong capitalization, good market position within Hong Kong's competitive non-life insurance market, and satisfactory investment profile. The company's modest though improving underwriting performance, and its above market-average exposure to statutory liability classes moderate these strengths. We believe CTI HK's capitalization has strengthened after the company sold Ming An Insurance (China) Co. Ltd. (MAC; not rated). Our view is based on the modest size of CTI HK's Hong Kong operations compared to that of MAC. In the first half of 2011, CTI HK transferred about Hong...
Companies mentioned in this report are: China Taiping Insurance (HK) Co. Ltd.
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Research Type: Full Analysis
China Taiping Insurance (HK) Co. Ltd.