China Taiping

1347 Property Insurance Holdings, Inc. Appoints Larry Swets as Interim Chief Executive Officer to Lead Organization Through Formative Stages of Launching Its Diversified Holding Company Strategy

Retrieved on: 
Monday, June 22, 2020
Insurance, Professional services, Economy, Service industries, Finance, Swets, Insurance, China Taiping

1347 Property Insurance Holdings, Inc. (Nasdaq: PIH) (the Company) announced today that it has appointed current Board Member and Former Chairman Larry G. Swets Jr. as its Interim Chief Executive Officer, effective immediately.

Key Points: 
  • 1347 Property Insurance Holdings, Inc. (Nasdaq: PIH) (the Company) announced today that it has appointed current Board Member and Former Chairman Larry G. Swets Jr. as its Interim Chief Executive Officer, effective immediately.
  • The Company continues to pursue its strategy of building a diversified holding company of reinsurance and investment management businesses, with a focus on three key areas: insurance, asset management, and real estate.
  • Mr. Swets will be responsible for leading Company throughout the formation, launch, and initial execution of these strategies.
  • About 1347 Property Insurance Holdings, Inc.
    1347 Property Insurance Holdings, Inc. is proceeding with its business strategy to operate as a diversified insurance, reinsurance and investment management holding company.

AM Best Comments on Credit Ratings of Taiping Reinsurance Company Limited Following Disclosure on Potential Issuance of Shares

Retrieved on: 
Friday, June 19, 2020
Other Professional Services, Professional services, Insurance, Finance, Insurance, Economy, Finance, Types of insurance, China Taiping, Reinsurance, Taiping

AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of a of Taiping Reinsurance Company Limited (TPRe) (Hong Kong) and its wholly owned subsidiary, Taiping Reinsurance (China) Company Ltd. (TPRe China) (China), remain unchanged following the disclosure of a potential issuance of shares by TPRe announced on 17 June 2020.

Key Points: 
  • AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of a of Taiping Reinsurance Company Limited (TPRe) (Hong Kong) and its wholly owned subsidiary, Taiping Reinsurance (China) Company Ltd. (TPRe China) (China), remain unchanged following the disclosure of a potential issuance of shares by TPRe announced on 17 June 2020.
  • Per the announcement, China Taiping Insurance Holdings Company Limited (CTIH), the parent company of TPRe, is considering a potential issuance of shares by TPRe to external investors.
  • Commencing on 18 June 2020, this potential transaction is undergoing a public tender process for at least 40 working days.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .

AM Best Affirms Credit Ratings to China Taiping Insurance (Macau) Co., Ltd.

Retrieved on: 
Friday, March 27, 2020
Professional services, Insurance, Finance, Finance, Money, Economy, Credit rating agencies, AM Best, Insurance, Credit rating, China Taiping

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of China Taiping Insurance (Macau) Co., Ltd. (CTIM) (Macau).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of China Taiping Insurance (Macau) Co., Ltd. (CTIM) (Macau).
  • The ratings also reflect the support the company receives from its parent, China Taiping Insurance Holdings Company Limited (CTIH).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Affirms Credit Ratings of Taiping Reinsurance Company Limited and Its Subsidiary

Retrieved on: 
Thursday, September 26, 2019
Finance, Banking, Professional services, Insurance, Finance, Credit rating agencies, Economy, Money, China Taiping, Reinsurance, Credit rating, AM Best

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of a of Taiping Reinsurance Company Limited (TPRe) (Hong Kong) and its wholly owned subsidiary, Taiping Reinsurance (China) Company Ltd. (TPRe China) (China).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of a of Taiping Reinsurance Company Limited (TPRe) (Hong Kong) and its wholly owned subsidiary, Taiping Reinsurance (China) Company Ltd. (TPRe China) (China).
  • The ratings also acknowledge the continued and holistic implicit and explicit support given by TPRes parent company, China Taiping Insurance Holdings Company Limited (CTIH), in terms of capital, investment, risk oversight and shared operational resources.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Affirms Credit Ratings of China Taiping Insurance (Macau) Co., Ltd.

Retrieved on: 
Thursday, March 28, 2019
Professional services, Banking, Finance, Insurance, Finance, Economy, Money, Credit rating agencies, AM Best, Insurance, China Taiping, Credit rating

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of China Taiping Insurance (Macau) Co., Ltd. (CTIM) (Macau).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of China Taiping Insurance (Macau) Co., Ltd. (CTIM) (Macau).
  • The ratings also reflect the lift the company receives from its parent, China Taiping Insurance Holdings Company Limited.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

China Life Announces Resignation of Mr. Lin Dairen and Appointment of Mr. Su Hengxuan

Retrieved on: 
Thursday, December 20, 2018
Finance, Economy, Money, Insurance industry, Insurance, Sampo Group, ING Group, China Taiping, Lai Xiaomin

The qualification of Mr. Su Hengxuan as the President of the Company is still subject to the approval of the China Banking and Insurance Regulatory Commission.

Key Points: 
  • The qualification of Mr. Su Hengxuan as the President of the Company is still subject to the approval of the China Banking and Insurance Regulatory Commission.
  • Mr. Su Hengxuan, born in February 1963, served as a Non-executive Director of the Company from 11 July 2018 to 19 December 2018.
  • He was a Director of China Life Property and Casualty Insurance Company Limited, a Director of China Life Asset Management Company Limited, the President and an Executive Director of China Life Pension Company Limited, and a Director of Insurance Professional College.
  • Mr. Su Hengxuan, a senior economist, has over 35 years of experience in the operation and management of life insurance business.

China Life Insurance Company Limited Announces Change of Chairman

Retrieved on: 
Tuesday, November 13, 2018
Economy of China, Economy of Asia, H shares, Economy, China Taiping, China Life Insurance Company, Taiping, Hong Kong Stock Exchange, Ping An Insurance

BEIJING, Nov. 13, 2018 /PRNewswire/ -- China Life Insurance Company Limited (the "Company" or "China Life") (SSE: 601628; HKSE: 2628; NYSE: LFC) announced today that on November 13, 2018, Mr. Yang Mingsheng tendered his resignation as the Chairman and Executive Director of the Company due to the reason of age.

Key Points: 
  • BEIJING, Nov. 13, 2018 /PRNewswire/ -- China Life Insurance Company Limited (the "Company" or "China Life") (SSE: 601628; HKSE: 2628; NYSE: LFC) announced today that on November 13, 2018, Mr. Yang Mingsheng tendered his resignation as the Chairman and Executive Director of the Company due to the reason of age.
  • Mr. Wang Bin has been the Chairman of China Life Insurance (Group) Company since August 2018 (whose qualification is pending approval by the CBIRC).
  • From March 2012 to September 2018, Mr. Wang Bin served as an Executive Director and the Chairman of the board of directors of China Taiping Insurance Holdings Company Limited.
  • From March 2012 to August 2018, he served as the Chairman of the board of directors of each of China Taiping Insurance Group Ltd. (formerly known as China Taiping Insurance Group Company) and China Taiping Insurance Group (HK) Company Limited.