OREANDA-NEWS. A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Taiping Reinsurance Company Limited (Taiping Re) (Hong Kong) and its wholly owned subsidiary, Taiping Reinsurance (China) Company Ltd. (Taiping Re China) (China). The outlook of these Credit Ratings (ratings) is stable.

The ratings of Taiping Re and Taiping Re China reflect their solid consolidated risk-adjusted capitalization, profitable operating results, and diversified business profile by expanding into life reinsurance and overseas non-life reinsurance segments. The ratings also acknowledge the capital contributions and operational support received from their parent, China Taiping Insurance Holdings Company Limited (CTIH).