Taiping Reinsurance

Taiping Reinsurance (Taiping Re or TPRe) is a Hong Kong-based reinsurer under China Taiping Insurance Group. In 2024, the firm reported HKD957 million profit after tax and HKD8.6 billion in insurance revenue. 

History of Taiping Reinsurance 

Taiping Re was founded in 1980 in Hong Kong as China Reinsurance Company (Hong Kong), Limited. In 1999, it changed its name to China International Reinsurance Company Limited.  

By 2009, it officially became Taiping Reinsurance Co., Ltd., known today as TPRe. More historical achievements in its development are listed below: 

• 2000: opened Labuan Branch in Malaysia as part of its international expansion 
• 2003: received Fitch Ratings’ A- strength rating, its first major financial grade 
• 2005: opened its Beijing Representative Office, marking mainland China entry 
• 2015: gained membership in Lloyd’s market through Taiping Re UK Limited 
• 2016: launched TPRe China as a fully licensed reinsurance entity 
• 2017: opened Japan Representative Office to grow business in East Asia 
• 2019: hosted Asian Reinsurers' Summit and grew its global ranking to 28th place 
• 2020: added Macau Representative Office and ranked 27th worldwide 
• 2021: launched China Asia-Pacific Reinsurance Research Center in Shanghai 
• 2023: ranked 23rd in the top 40 global reinsurers by S&P Global Ratings 
• 2024: earned Outstanding Reinsurer Award at GBA Insurance Awards - HK & Macau 

In 2025, the reinsurer received an A rating from Fitch and S&P for the 16th and 13th year. The group continues to strengthen its global footprint while staying rooted in Asia’s reinsurance market. 

Reinsurance products and services 

As a global reinsurer, Taiping Reinsurance offers both life and non-life solutions tailored to diverse markets: 

Non-life reinsurance services 

• treaty in Asia, Oceania: serves clients outside Mainland China with treaty-based reinsurance 
• treaty in Europe, America, Africa: covers multiple regions including Central and West Asia 
• facultative worldwide: offers case-by-case coverage for non-life risks excluding Mainland China 
• corporate and innovative risk solutions: custom risk services for large clients outside Mainland China 
• property and engineering: includes fire, natural disasters, and construction-related risks 
• liability and accident and health: provides cover for third-party claims and health-related losses 
• marine, agriculture, and energy: supports shipping, crop, and energy sector reinsurance needs 

Life reinsurance services 

• savings-type reinsurance: backs long-term savings policies through structured support 
• protection-type reinsurance: covers mortality and health protection-based reinsurance 
• financial reinsurance: supports capital management for client solvency and reserve needs 

TPRe supports about 100 global markets and leads Hong Kong’s reinsurance sector. Backed by China Taiping and Ageas, it brings strong capital and trusted reinsurance services. 

Culture and core values 

Taiping Reinsurance promotes values rooted in traditional Chinese principles like honesty, caution, and integrity. Staff are guided by rules that stress trust, lawful conduct, and doing business the right way. 

As part of parent company China Taiping, Taiping Reinsurance enjoys strong cultural support and workplace initiatives. It fosters a warm, caring environment through its Health and Culture Association’s regular team-driven efforts: 

• New Employee Training: helps new hires adjust quickly and learn about company values 
• Youth Core Talent Competency Enhancement Training: builds skills for young professionals with growth potential 
• Company’s Weekly Running Day: promotes health and teamwork through a regular group fitness event 
• Company’s basketball team: gives staff a fun way to bond and stay active 
• Employees' Quarterly Birthday Party: celebrates staff birthdays in a shared and joyful setting 
• Fun Sport Games: boosts morale and team spirit through casual, lighthearted competitions 
• Volunteer team: launched in 2023 with a visit to local Hong Kong landmarks 

These programs help staff build the right mindset for work, growth, and responsibility. Employees are encouraged to care deeply, speak honestly, and take pride in doing things right. 

The future at Taiping Reinsurance 

AM Best affirmed Taiping Reinsurance’s A rating with a stable outlook across both its main entities. The reinsurer shows strong capital, steady returns, and continued support from parent firm China Taiping. It plans to grow across Asia while keeping a firm hold in Hong Kong’s non-life sector. 

Taiping Re entered new ground with a catastrophe bond using dual-peril, dual-trigger protection. The structure backs earthquake and hurricane risks through Silk Road Re and global investor support. This supports its global risk strategy and advances innovation in catastrophe reinsurance.