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Corporate Profile

Asia Based Global Reinsurer - cntaiping€¦ · Asia Based Global Reinsurer ... Cinese stateoned financial and insurance group it anageent eaduarter located in ong ong. Troug ears

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Page 1: Asia Based Global Reinsurer - cntaiping€¦ · Asia Based Global Reinsurer ... Cinese stateoned financial and insurance group it anageent eaduarter located in ong ong. Troug ears

Taiping Reinsurance Company [email protected] www.tpre.cntaiping.com

Asia Based Global Reinsurer

Hong Kong Beijing Shanghai London Tokyo Macau Labuan

Corporate Profile

Taiping Reinsurance Company [email protected] www.tpre.cntaiping.com

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 2018, TPRe registered a gross written premium of USD1.95 billion (HK$15.19 billion), and the total assets reached USD5.62 billion (HK$43.9 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 USD86.51 billion (RMB600 billion) with its business covering many countries and regions in the world.

COMPANY PROFILE

Page 2: Asia Based Global Reinsurer - cntaiping€¦ · Asia Based Global Reinsurer ... Cinese stateoned financial and insurance group it anageent eaduarter located in ong ong. Troug ears

Taiping Reinsurance Company [email protected] www.tpre.cntaiping.com

Asia Based Global Reinsurer

Hong Kong Beijing Shanghai London Tokyo Macau Labuan

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

Taiping Reinsurance Company [email protected] www.tpre.cntaiping.com

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

Page 3: Asia Based Global Reinsurer - cntaiping€¦ · Asia Based Global Reinsurer ... Cinese stateoned financial and insurance group it anageent eaduarter located in ong ong. Troug ears

Corporate Profile

Taiping Reinsurance Company [email protected] www.tpre.cntaiping.com

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 2018, TPRe registered a gross written premium of USD1.95 billion (HK$15.19 billion), and the total assets reached USD5.62 billion (HK$43.9 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 USD86.51 billion (RMB600 billion) with its business covering many countries and regions in the world.

COMPANY PROFILE

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

Page 4: Asia Based Global Reinsurer - cntaiping€¦ · Asia Based Global Reinsurer ... Cinese stateoned financial and insurance group it anageent eaduarter located in ong ong. Troug ears

2016 2017 2018

881

1,052 1,036

2016 2017 2018

3,486

4,749

5,623

1981

1990

2000

2009

2012

2013

2014

2015

2016

2017

2018

0.6

26

100

205

237

301

346

544

608

690

690

(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

i

COMPANY INFORMATION

A.M. Best

Excellent / StableA

FitchStrong / Stable

AStandard &Poor’s

Strong / StableA

(in USD Million)

Gross Premiums Written 634.8 867.7 1,130.7

Life Reinsurance Business

Non-Life Reinsurance Business 2016 2017 2018

2016 2017 2018

Gross Premiums Written 722.2 772.7 816.2

Overall Performance

Gross Premiums Written 1,357.0 1,640.0 1,947.0

Profit After Taxation 55.7 97.5 69.1

Life41.9%

Non-Life58.1%

Mainland China (& Taiwan)

64.1%Europe

10%

Other

1.3%

North America

4.6%Hong Kong& Macau

7.8%

Japan2.4%

Rest of Asia9.8%

BUSINESS PERFORMANCE

2016 2017 2018

By Class 2018

Non-Life Gross Premiums Written By Region 2018

Remarks: USD1 = HK$7.8

Property55.6%

Liability29.1%

Facultative7.4%- Property 3.4%- Others 4.0%

MAT6.2%

Bonds & Credit1.7%

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

Page 5: Asia Based Global Reinsurer - cntaiping€¦ · Asia Based Global Reinsurer ... Cinese stateoned financial and insurance group it anageent eaduarter located in ong ong. Troug ears

2016 2017 2018

881

1,052 1,036

2016 2017 2018

3,486

4,749

5,623

1981

1990

2000

2009

2012

2013

2014

2015

2016

2017

2018

0.6

26

100

205

237

301

346

544

608

690

690

(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

i

COMPANY INFORMATION

A.M. Best

Excellent / StableA

FitchStrong / Stable

AStandard &Poor’s

Strong / StableA

(in USD Million)

Gross Premiums Written 634.8 867.7 1,130.7

Life Reinsurance Business

Non-Life Reinsurance Business 2016 2017 2018

2016 2017 2018

Gross Premiums Written 722.2 772.7 816.2

Overall Performance

Gross Premiums Written 1,357.0 1,640.0 1,947.0

Profit After Taxation 55.7 97.5 69.1

Life41.9%

Non-Life58.1%

Mainland China (& Taiwan)

64.1%Europe

10%

Other

1.3%

North America

4.6%Hong Kong& Macau

7.8%

Japan2.4%

Rest of Asia9.8%

BUSINESS PERFORMANCE

2016 2017 2018

By Class 2018

Non-Life Gross Premiums Written By Region 2018

Remarks: USD1 = HK$7.8

Property55.6%

Liability29.1%

Facultative7.4%- Property 3.4%- Others 4.0%

MAT6.2%

Bonds & Credit1.7%

Taiping Reinsurance Company Limited

CONTACTS

ADDRESS : 17/F, 18 KING WAH ROAD, NORTH POINT, HONG KONGTEL : (852) 2865 3838 FACSIMILE : (852) 2544 9633 EMAIL : [email protected] WEBSITE : WWW.TPRE.CNTAIPING.COM

BUSINESS DEVELOPMENT DEPT. I

LI Man, Ada (Ms) [email protected] CHENG Yau Man, Edmund [email protected]

BUSINESS DEVELOPMENT DEPT. II

PUN Chi Yat, Ronald [email protected] TANG Kai Hung, Kelvin [email protected]

FACULTATIVE AND SPECIAL RISKS DEPT.

FU Ka Yan, Karen (Ms) [email protected] XU Min [email protected] CHIEN Chi Sheng, Richard [email protected]

LIFE BUSINESS DEVELOPMENT DEPT.

YANG Rong [email protected]

BUSINESS MANAGEMENT DEPT.

YIN Hang [email protected] LI Pak Cheung, Jeffrey [email protected]

CLAIMS AND TECHNICAL ACCOUNTS DEPT.

SIU Ting (Ms) [email protected] CHOW Kwok Hung, Benny [email protected]

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) [email protected]

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) [email protected]

SENIOR REPRESENTATIVE HUANG Binbin (Ms) [email protected]

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

Page 6: Asia Based Global Reinsurer - cntaiping€¦ · Asia Based Global Reinsurer ... Cinese stateoned financial and insurance group it anageent eaduarter located in ong ong. Troug ears

(in USD Million)

Gross Premiums Written 634.8 867.7 1,130.7

Life Reinsurance Business

Non-Life Reinsurance Business 2016 2017 2018

2016 2017 2018

Gross Premiums Written 722.2 772.7 816.2

Overall Performance

Gross Premiums Written 1,357.0 1,640.0 1,947.0

Profit After Taxation 55.7 97.5 69.1

Life41.9%

Non-Life58.1%

Mainland China (& Taiwan)

64.1%Europe

10%

Other

1.3%

North America

4.6%Hong Kong& Macau

7.8%

Japan2.4%

Rest of Asia9.8%

BUSINESS PERFORMANCE

2016 2017 2018

By Class 2018

Non-Life Gross Premiums Written By Region 2018

Remarks: USD1 = HK$7.8

Property55.6%

Liability29.1%

Facultative7.4%- Property 3.4%- Others 4.0%

MAT6.2%

Bonds & Credit1.7%

Taiping Reinsurance Company Limited

CONTACTS

ADDRESS : 17/F, 18 KING WAH ROAD, NORTH POINT, HONG KONGTEL : (852) 2865 3838 FACSIMILE : (852) 2544 9633 EMAIL : [email protected] WEBSITE : WWW.TPRE.CNTAIPING.COM

BUSINESS DEVELOPMENT DEPT. I

LI Man, Ada (Ms) [email protected] CHENG Yau Man, Edmund [email protected]

BUSINESS DEVELOPMENT DEPT. II

PUN Chi Yat, Ronald [email protected] TANG Kai Hung, Kelvin [email protected]

FACULTATIVE AND SPECIAL RISKS DEPT.

FU Ka Yan, Karen (Ms) [email protected] XU Min [email protected] CHIEN Chi Sheng, Richard [email protected]

LIFE BUSINESS DEVELOPMENT DEPT.

YANG Rong [email protected]

BUSINESS MANAGEMENT DEPT.

YIN Hang [email protected] LI Pak Cheung, Jeffrey [email protected]

CLAIMS AND TECHNICAL ACCOUNTS DEPT.

SIU Ting (Ms) [email protected] CHOW Kwok Hung, Benny [email protected]

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) [email protected]

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) [email protected]

SENIOR REPRESENTATIVE HUANG Binbin (Ms) [email protected]

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) [email protected]

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 [email protected]

DEPUTY GENERAL MANAGERS

LI Lisong [email protected] LI Li (Ms) [email protected] ZHANG Jinlei (Ms) [email protected]

TREATY BUSINESS DEPT.

ZHANG Yong [email protected]

FACULTATIVE BUSINESS DEPT. WANG Mingzhong [email protected]

BUSINESS MANAGEMENT DEPT.

LOU Peng [email protected]

LIFE DEPT.

YU Hongjiang [email protected]

ZHANG Li [email protected]

SHANGHAI BRANCH

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

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

Page 7: Asia Based Global Reinsurer - cntaiping€¦ · Asia Based Global Reinsurer ... Cinese stateoned financial and insurance group it anageent eaduarter located in ong ong. Troug ears

Taiping Reinsurance Company Limited

CONTACTS

ADDRESS : 17/F, 18 KING WAH ROAD, NORTH POINT, HONG KONGTEL : (852) 2865 3838 FACSIMILE : (852) 2544 9633 EMAIL : [email protected] WEBSITE : WWW.TPRE.CNTAIPING.COM

BUSINESS DEVELOPMENT DEPT. I

LI Man, Ada (Ms) [email protected] CHENG Yau Man, Edmund [email protected]

BUSINESS DEVELOPMENT DEPT. II

PUN Chi Yat, Ronald [email protected] TANG Kai Hung, Kelvin [email protected]

FACULTATIVE AND SPECIAL RISKS DEPT.

FU Ka Yan, Karen (Ms) [email protected] XU Min [email protected] CHIEN Chi Sheng, Richard [email protected]

LIFE BUSINESS DEVELOPMENT DEPT.

YANG Rong [email protected]

BUSINESS MANAGEMENT DEPT.

YIN Hang [email protected] LI Pak Cheung, Jeffrey [email protected]

CLAIMS AND TECHNICAL ACCOUNTS DEPT.

SIU Ting (Ms) [email protected] CHOW Kwok Hung, Benny [email protected]

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) [email protected]

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) [email protected]

SENIOR REPRESENTATIVE HUANG Binbin (Ms) [email protected]

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) [email protected]

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 [email protected]

DEPUTY GENERAL MANAGERS

LI Lisong [email protected] LI Li (Ms) [email protected] ZHANG Jinlei (Ms) [email protected]

TREATY BUSINESS DEPT.

ZHANG Yong [email protected]

FACULTATIVE BUSINESS DEPT. WANG Mingzhong [email protected]

BUSINESS MANAGEMENT DEPT.

LOU Peng [email protected]

LIFE DEPT.

YU Hongjiang [email protected]

ZHANG Li [email protected]

SHANGHAI BRANCH

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

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

Page 8: Asia Based Global Reinsurer - cntaiping€¦ · Asia Based Global Reinsurer ... Cinese stateoned financial and insurance group it anageent eaduarter located in ong ong. Troug ears

Taiping Reinsurance Company [email protected] www.tpre.cntaiping.com

Asia Based Global Reinsurer

Hong Kong Beijing Shanghai London Tokyo Macau Labuan

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

Taiping Reinsurance Company [email protected] www.tpre.cntaiping.com

Corporate Profile

Taiping Reinsurance Company [email protected] www.tpre.cntaiping.com