Asia Based Global Reinsurer - tpre.cntaiping.com · 2017 2018 2019 1,052 1,036 1,159 4,749 5,623...

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Asia Based Global Reinsurer

Taiping Reinsurance Company Limitedmail@tpre.cntaiping.com www.tpre.cntaiping.com

Hong Kong Beijing Shanghai London Labuan Tokyo Macau

Corporate Profile

Taiping Reinsurance Co., Ltd. (abbreviated as “TPRe”) was incorporated in Hong Kong in September 1980 as a state-owned composite professional reinsurer, undertakes the non-life and life reinsurance business worldwide. With head office in Hong Kong, TPRe also set up operating platforms in the region and overseas, including subsidiaries in Beijing and London, a branch in Labuan, Malaysia, as well as representative offices in Japan and Macau.

As one of the renowned professional reinsurance companies based in Asia, TPRe possesses well-recognized market position and underwrites reinsurance business all over the world. Currently, TPRe serves clients from more than 100 markets and has maintained the leading position in Hong Kong’s reinsurance market for the past years. In 2019, TPRe registered a gross written premium of USD2.23 billion (HK$17.42 billion), and the total assets reached USD6.46 billion (HK$50.4 billion).

With the solid backing of its parent company, China Taiping Insurance Group Ltd., TPRe is highly respected for its prudent business strategy and strong financial strength. For years, TPRe has achieved “A” (strong/excellent) financial strength ratings from renowned international rating agencies, including S&P, A.M. Best and Fitch.

China Taiping Insurance Group Ltd. (abbreviated as “China Taiping”) is a Chinese state-owned financial and insurance group with management headquarter located in Hong Kong. Through 90 years of history, China Taiping has developed into a large transnational financial and insurance group and the total assets up to USD119.02 billion (RMB820 billion) with its business covering many countries and regions in the world.

COMPANY PROFILE

ORGANIZATION STRUCTURE

THE MANAGEMENT BOARD

China Taiping Insurance Group Ltd.China Taiping Insurance Group (HK) Co., Ltd.

China Taiping Insurance Holdings Company Limited

Taiping Reinsurance Company Limited

Taiping Re UK Limited Taiping Reinsurance (China)Company Limited

Chief Executive OfficerJIANG Yidao

General ManagerHO Kin Wing, Polly (Ms)

Deputy General ManagersPANG WeiYIN HangHUANG Wei, Lisa (Ms)LI Shao Fen, Joyce (Ms)

Chief Financial OfficerWONG Yung, Ada (Ms)

Business Development Dept. I• Non-Life Treaty in Asia, Oceania (excluding Mainland China, Japan, Central & West Asian Area)

Business Development Dept. II• Non-Life Treaty in Europe, America, Africa, Japan, Central & West Asian Area

Facultative & Special Risks Dept.• Non-Life Facultative Worldwide

Business Management Dept.• Underwriting Control & Retrocession

Claims and Technical Accounts Dept.• Claims & Closing Control

Life Business Development Dept• Life Reinsurance Business

Labuan Branch, Malaysia

Representative Office in Japan

Representative Office in Macau

COMPANY INFORMATION

Management Board Team

Taip ing Reinsurance Co., Ltd. • Corporate Prof i le

Corporate Profile

Taiping Reinsurance Co., Ltd. (abbreviated as “TPRe”) was incorporated in Hong Kong in September 1980 as a state-owned composite professional reinsurer, undertakes the non-life and life reinsurance business worldwide. With head office in Hong Kong, TPRe also set up operating platforms in the region and overseas, including subsidiaries in Beijing and London, a branch in Labuan, Malaysia, as well as representative offices in Japan and Macau.

As one of the renowned professional reinsurance companies based in Asia, TPRe possesses well-recognized market position and underwrites reinsurance business all over the world. Currently, TPRe serves clients from more than 100 markets and has maintained the leading position in Hong Kong’s reinsurance market for the past years. In 2019, TPRe registered a gross written premium of USD2.23 billion (HK$17.42 billion), and the total assets reached USD6.46 billion (HK$50.4 billion).

With the solid backing of its parent company, China Taiping Insurance Group Ltd., TPRe is highly respected for its prudent business strategy and strong financial strength. For years, TPRe has achieved “A” (strong/excellent) financial strength ratings from renowned international rating agencies, including S&P, A.M. Best and Fitch.

China Taiping Insurance Group Ltd. (abbreviated as “China Taiping”) is a Chinese state-owned financial and insurance group with management headquarter located in Hong Kong. Through 90 years of history, China Taiping has developed into a large transnational financial and insurance group and the total assets up to USD119.02 billion (RMB820 billion) with its business covering many countries and regions in the world.

COMPANY PROFILE

2017 2018 2019

1,052 1,036

2019 741

(in USD Million) (in USD Million)

(in USD Million)

Remarks: USD1 = HK$7.8

TOTAL ASSETS SHAREHOLDERS’ EQUITY

FINANCIAL STRENGTH RATING LEI CODE

PAID-UP CAPITAL

Taiping Reinsurance Co., Ltd.LEI Code：3003000SCQICXZ83EC53LEICN Official website：www.leichina.org

COMPANY INFORMATION

A.M. Best

Excellent / StableA

FitchStrong / Stable

AStandard &Poor’s

Strong / StableA

2017 2018 2019

(in USD Million)

Gross Premiums Written 867.7 1,130.7 1,253.0

Life Reinsurance Business

Non-Life Reinsurance Business 2017 2018 2019

2017 2018 2019

Gross Premiums Written 772.7 816.2 980.2

Overall Performance

Gross Premiums Written 1,640.0 1,947.0 2,233.2

Profit After Taxation 97.5 69.1 41.2

Life43.9%

Non-Life56.1%

Mainland China (& Taiwan)

60.1%Europe

North America

4.8%Hong Kong& Macau

Japan3.0%

Rest of Asia11.0%

BUSINESS PERFORMANCE

2017 2018 2019

By Class 2019

Non-Life Gross Premiums Written By Region 2019

Treaty91.4%- Property 61.6%- Liability 21.2%- MAT 6.6%- Others 2.0%

Facultative8.6%- Property 5.3%- Others 3.3%

2017 2018 2019

1,052 1,036

2019 741

(in USD Million) (in USD Million)

(in USD Million)

TOTAL ASSETS SHAREHOLDERS’ EQUITY

FINANCIAL STRENGTH RATING LEI CODE

PAID-UP CAPITAL

Taiping Reinsurance Co., Ltd.LEI Code：3003000SCQICXZ83EC53LEICN Official website：www.leichina.org

COMPANY INFORMATION

A.M. Best

Excellent / StableA

FitchStrong / Stable

AStandard &Poor’s

Strong / StableA

2017 2018 2019

(in USD Million)

2017 2018 2019

Overall Performance

Life43.9%

Non-Life56.1%

60.1%Europe

North America

Japan3.0%

Rest of Asia11.0%

2017 2018 2019

By Class 2019

CONTACTS

ADDRESS : 17/F, 18 KING WAH ROAD, NORTH POINT, HONG KONGTEL : (852) 2865 3838 FACSIMILE : (852) 2544 9633 EMAIL : MAIL@TPRE.CNTAIPING.COM WEBSITE : WWW.TPRE.CNTAIPING.COMBUSINESS DEVELOPMENT DEPT. I LI Man, Ada (Ms) ada_li@tpre.cntaiping.com CHENG Yau Man, Edmund edmund_cheng@tpre.cntaiping.com LEUNG Siu Ki, Cliff cliff_leung@tpre.cntaiping.comBUSINESS DEVELOPMENT DEPT. II PUN Chi Yat, Ronald ronald_pun@tpre.cntaiping.com TANG Kai Hung, Kelvin kelvin_tang@tpre.cntaiping.comFACULTATIVE AND SPECIAL RISKS DEPT. FU Ka Yan, Karen (Ms) karen_fu@tpre.cntaiping.com XU Min min_xu@tpre.cntaiping.com CHIEN Chi Sheng, Richard richard_chien@tpre.cntaiping.comLIFE BUSINESS DEVELOPMENT DEPT. YANG Rong rong_yang@tpre.cntaiping.comBUSINESS MANAGEMENT DEPT. YIN Hang hang_yin@tpre.cntaiping.com LI Pak Cheung, Jeffrey jeffrey_li@tpre.cntaiping.com YAN Zhi, Eric eric_yan@tpre.cntaiping.comCLAIMS AND TECHNICAL ACCOUNTS DEPT. SIU Ting (Ms) ting_siu@tpre.cntaiping.com CHOW Kwok Hung, Benny benny_chow@tpre.cntaiping.com

Taiping Reinsurance Company Limited Representative Office in MacauADDRESS : LEVEL 20, AIA TOWER, NOS 251A-301, AVENIDA COMERCIAL DE MACAU, MACAUTEL : (853) 8294 6370 FACSIMILE : (853) 8294 2200

FU Ka Yan, Karen (Ms) karen_fu@tpre.cntaiping.com

Taiping Reinsurance Company Limited Representative Office in JapanADDRESS : LEVEL 10, PMO KYOBASHI HIGASHI, 3-18-6 HATCHOBORI, CHUO-KU, TOKYO 104-0032, JAPANTEL : (81) 3 6262 8037 FACSIMILE : (81) 3 6262 8237

CHIEF REPRESENTATIVE LI Shao Fen, Joyce (Ms) joyce_li@tpre.cntaiping.com

SENIOR REPRESENTATIVE HUANG Binbin (Ms) binbin_huang@tpre.cntaiping.com

(in USD Million)

2017 2018 2019

Overall Performance

Life43.9%

Non-Life56.1%

60.1%Europe

North America

Japan3.0%

Rest of Asia11.0%

2017 2018 2019

By Class 2019

CONTACTS

Taiping Reinsurance Company Limited Labuan Branch

ADDRESS : LEVEL 11(B), BLOCK 4 OFFICE TOWER, FINANCIAL PARK LABUAN COMPLEX, JALAN MERDEKA, 87000 FT LABUAN, MALAYSIATEL : (60) 87 439 661 FACSIMILE : (60) 87 439 662

PRINCIPAL OFFICER

LI Shao Fen, Joyce (Ms) joyce_li@tpre.cntaiping.com

Taiping Reinsurance (China) Company Limited

ADDRESS : UNIT 08, 09, 11-19, FLOOR 5, NO.16 LUOMASHI AVENUE, XICHENG DISTRICT, BEIJING 100052, P. R. CHINA TEL : (86) 10 5709 8588 FACSIMILE : (86) 10 5709 8555

GENERAL MANAGER

PANG Wei wei_pang@tpre.cntaiping.com

DEPUTY GENERAL MANAGERS

LI Lisong lisong_li@tpre.cntaiping.com LI Li (Ms) li_li@tpre.cntaiping.com ZHANG Jinlei (Ms) jinlei_zhang@tpre.cntaiping.com

TREATY BUSINESS DEPT.

ZHANG Yong yong_zhang1@tpre.cntaiping.com

FACULTATIVE BUSINESS DEPT. WANG Mingzhong mingzhong_wang@tpre.cntaiping.com

BUSINESS MANAGEMENT DEPT.

LOU Peng peng_lou@tpre.cntaiping.com

LIFE DEPT.

YU Hongjiang hongjiang_yu@tpre.cntaiping.com

ZHANG Li li_zhang@tpre.cntaiping.com

SHANGHAI BRANCH

ADDRESS : ROOM 1102B, 488 MIDDLE YINCHENG ROAD, PUDONG, SHANGHAI 200120, P. R. CHINA TEL : (86) 21 8019 8800

CONTACTS

Taiping Reinsurance Company Limited Labuan Branch

ADDRESS : LEVEL 11(B), BLOCK 4 OFFICE TOWER, FINANCIAL PARK LABUAN COMPLEX, JALAN MERDEKA, 87000 FT LABUAN, MALAYSIATEL : (60) 87 439 661 FACSIMILE : (60) 87 439 662

PRINCIPAL OFFICER

LI Shao Fen, Joyce (Ms) joyce_li@tpre.cntaiping.com

Taiping Reinsurance (China) Company Limited

ADDRESS : UNIT 08, 09, 11-19, FLOOR 5, NO.16 LUOMASHI AVENUE, XICHENG DISTRICT, BEIJING 100052, P. R. CHINA TEL : (86) 10 5709 8588 FACSIMILE : (86) 10 5709 8555

GENERAL MANAGER

PANG Wei wei_pang@tpre.cntaiping.com

DEPUTY GENERAL MANAGERS

LI Lisong lisong_li@tpre.cntaiping.com LI Li (Ms) li_li@tpre.cntaiping.com ZHANG Jinlei (Ms) jinlei_zhang@tpre.cntaiping.com

TREATY BUSINESS DEPT.

ZHANG Yong yong_zhang1@tpre.cntaiping.com

FACULTATIVE BUSINESS DEPT. WANG Mingzhong mingzhong_wang@tpre.cntaiping.com

BUSINESS MANAGEMENT DEPT.

LOU Peng peng_lou@tpre.cntaiping.com

LIFE DEPT.

YU Hongjiang hongjiang_yu@tpre.cntaiping.com

ZHANG Li li_zhang@tpre.cntaiping.com

SHANGHAI BRANCH

ADDRESS : ROOM 1102B, 488 MIDDLE YINCHENG ROAD, PUDONG, SHANGHAI 200120, P. R. CHINA TEL : (86) 21 8019 8800

ORGANIZATION STRUCTURE

THE MANAGEMENT BOARD

China Taiping Insurance Group Ltd.China Taiping Insurance Group (HK) Co., Ltd.

China Taiping Insurance Holdings Company Limited

Taiping Re UK Limited Taiping Reinsurance (China)Company Limited

Chief Executive OfficerJIANG Yidao

General ManagerHO Kin Wing, Polly (Ms)

Deputy General ManagersPANG WeiYIN HangHUANG Wei, Lisa (Ms)LI Shao Fen, Joyce (Ms)

Chief Financial OfficerWONG Yung, Ada (Ms)

Business Development Dept. I• Non-Life Treaty in Asia, Oceania (excluding Mainland China, Japan, Central & West Asian Area)

Business Development Dept. II• Non-Life Treaty in Europe, America, Africa, Japan, Central & West Asian Area

Facultative & Special Risks Dept.• Non-Life Facultative Worldwide

Business Management Dept.• Underwriting Control & Retrocession

Claims and Technical Accounts Dept.• Claims & Closing Control

Life Business Development Dept• Life Reinsurance Business

Labuan Branch, Malaysia

Representative Office in Japan

Representative Office in Macau

COMPANY INFORMATION

Management Board Team

Corporate Profile

Asia Based Global Reinsurer - tpre.cntaiping.com · 2017 2018 2019 1,052 1,036 1,159 4,749 5,623...

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