China Taiping Insurance Holdings

AM Best Affirms Credit Ratings of China Taiping Insurance (Macau) Company Limited

Retrieved on: 
Thursday, March 21, 2024
Insurance, Professional Services, Risk management, Communication, ALL, News, MOP, Seemabaddha, Bank statement, Credit, China Taiping Insurance Holdings, AM Best, USD

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of China Taiping Insurance (Macau) Company Limited (CTIM) (Macau).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of China Taiping Insurance (Macau) Company Limited (CTIM) (Macau).
  • CTIM’s underwriting portfolio and distribution channels are stable and diversified, while the company continues to develop its online channel and explore cross-selling opportunities in its affiliated life insurance company, China Taiping Life Insurance (Macau) Company Limited, in Macau.
  • A weakening credit profile of the parent company, China Taiping Insurance Holdings Company Limited, also may have a negative impact on CTIM’s ratings.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .

AM Best Affirms Credit Ratings of China Taiping Insurance (HK) Company Limited

Retrieved on: 
Friday, December 8, 2023
Insurance, Professional Services, China Taiping Insurance Holdings, TPG, C&S, ROE, Risk management, HKD, ERM, Credit, Seemabaddha, AM Best, Health, Communication, News, ALL, Property management, Hong Kong, CTPI

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of China Taiping Insurance (HK) Company Limited [CTPI(HK)] (Hong Kong).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of China Taiping Insurance (HK) Company Limited [CTPI(HK)] (Hong Kong).
  • It also incorporates the rating enhancement that CTPI(HK) 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 Best’s Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Fleming Insurance Holdings Acquires JRG Reinsurance Company Ltd.

Retrieved on: 
Wednesday, November 8, 2023
Professional Services, Insurance, Finance, P&C, JRG, Growth, Professional, China Taiping Insurance Holdings, Mechanics, Sidley Austin, RBC Capital Markets, Reinsurance, Fleming

Fleming Insurance Holdings (“Fleming”), an innovative provider of capital solutions to P&C insurers globally, today announced that it has entered into an agreement to acquire JRG Reinsurance Company Ltd. (“JRG Re”) from James River Group Holdings, Ltd.

Key Points: 
  • Fleming Insurance Holdings (“Fleming”), an innovative provider of capital solutions to P&C insurers globally, today announced that it has entered into an agreement to acquire JRG Reinsurance Company Ltd. (“JRG Re”) from James River Group Holdings, Ltd.
  • Fleming is a reinsurance market leader, with particular expertise in run-off and legacy reserve transactions, and primarily focused on non-catastrophe liabilities.
  • Fleming is merging the mechanics of the traditional and retrospective reinsurance markets by introducing creative solutions to the industry.
  • JRG Re, as a specialty reinsurer, strengthens Fleming by bringing a strong balance sheet along with new potential client relationships.

AM Best Affirms Credit Ratings of China Taiping Insurance (Singapore) Pte. Ltd.

Retrieved on: 
Thursday, October 19, 2023
Insurance, Professional Services, AM Best, Credit, News, AM, Growth, ERM, Risk, China Taiping Insurance Holdings, USD, SGD, Investment, Communication, ALL, TPG, Risk management, Life insurance, Music

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of China Taiping Insurance (Singapore) Pte.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of China Taiping Insurance (Singapore) Pte.
  • CTPIS is a wholly owned subsidiary of China Taiping Insurance Holdings Company Limited, which is ultimately majority owned by China Taiping Insurance Group Ltd. (TPG), a China state-owned financial and insurance group.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Brickell Insurance Holdings to Sell Merit Life Insurance Co.

Retrieved on: 
Friday, September 29, 2023
Professional Services, Finance, Pleasure, China Taiping Insurance Holdings, LLP, Growth, The Company, Life insurance, Brickell, Merit

Brickell Insurance Holdings LLC (“Brickell”) announced today that it has entered into a definitive agreement to sell Merit Life Insurance Co. ("Merit" or the "Company") to a private investor group.

Key Points: 
  • Brickell Insurance Holdings LLC (“Brickell”) announced today that it has entered into a definitive agreement to sell Merit Life Insurance Co. ("Merit" or the "Company") to a private investor group.
  • Founded in 1957 and headquartered in Charlotte, N.C., Merit is an A- rated* insurance company providing innovative, digital-first retirement solutions.
  • Merit plans to roll out both multi-year guaranteed annuity and fixed index annuity products over the next 12-18 months.
  • Locke Lord LLP is acting as legal advisor to Brickell.

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

Retrieved on: 
Friday, September 29, 2023
Insurance, Professional Services, Communication, AM Best, Greater, ALL, Risk management, CNY, Credit, China Taiping Insurance Holdings, Investment, Average cost, AM, ROE, News

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) 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” (Excellent) 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 implicit and explicit support given by TPRe’s 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 Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Affirms Credit Ratings of China Taiping Insurance (Macau) Company Limited

Retrieved on: 
Thursday, March 23, 2023
Insurance, Professional Services, Communication, AM Best, ALL, COVID-19, Risk management, Credit, China Taiping Insurance Holdings, AM, Seemabaddha, News

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of China Taiping Insurance (Macau) Company Limited (CTIM) (Macau).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of China Taiping Insurance (Macau) Company Limited (CTIM) (Macau).
  • The company’s underwriting portfolio and distribution channel were stable and diversified, while the company continues to develop its online channel and explore cross-selling opportunities in its affiliated life insurance company in Macau, China Taiping Life Insurance (Macau) Company Limited.
  • A weakening credit profile of the parent company, China Taiping Insurance Holdings Company Limited, also may have a negative impact on CTIM’s ratings.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .

Fleming Selects Origami Risk’s Multi-Tenant SaaS P&C Insurance Core Solution to Enhance Workers’ Comp, Auto and General Liability

Retrieved on: 
Wednesday, March 8, 2023
Professional Services, Automotive, Data Analytics, General Automotive, Technology, Insurance, Software, Origami, Software as a service, Multimedia, China Taiping Insurance Holdings, Policy, Overalls, Mobile phone, Fleming

Fleming Insurance Holdings, a property and casualty capital solutions provider, has selected Origami Risk’s multi-tenant core solution platform to enhance its data/analytics capabilities for its liabilities, including workers’ compensation, auto liability and general liability lines.

Key Points: 
  • Fleming Insurance Holdings, a property and casualty capital solutions provider, has selected Origami Risk’s multi-tenant core solution platform to enhance its data/analytics capabilities for its liabilities, including workers’ compensation, auto liability and general liability lines.
  • This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20230308005155/en/
    Origami’s platform offers Fleming a variety of tools and functionality for data capture, reporting and advanced analytics, which it can use to drive speed and efficiency across its underwriting and claims management processes.
  • “As our insurance carrier partners look to us for innovative reinsurance and capital solutions, we are committed to leveraging state-of-the-art technology to facilitate timely and accurate decision-making,” said Ben Bomhoff, CTO, Fleming.

AM Best Affirms Credit Ratings of China Taiping Insurance (HK) Company Limited

Retrieved on: 
Friday, December 9, 2022
Professional Services, Insurance, Finance, HKD, Exercise, ROE, Seemabaddha, Credit, AM Best, China Taiping Insurance Holdings, Communication, Risk management, ALL, AM, Investment, C&S, Growth, News, Health, Guangdong-Hong Kong-Macau Greater Bay Area, TPG, Insurance, Risk

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of China Taiping Insurance (HK) Company Limited [CTPI(HK)] (Hong Kong).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of China Taiping Insurance (HK) Company Limited [CTPI(HK)] (Hong Kong).
  • It also incorporates the rating enhancement that CTPI(HK) 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 .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Truist Wealth enhances portfolio of digital investing solutions with Truist Trade

Retrieved on: 
Tuesday, November 15, 2022
SEC, Trust, FDIC, SIPC, Truist Financial, FINRA, China Taiping Insurance Holdings, Technology Center, TFC, Insurance, NYSE, Small business, IRA, ETF, LLC, Capital, Solution, Financial adviser, Financial services

CHARLOTTE, N.C., Nov. 15, 2022 /PRNewswire/ -- Truist Wealth has enhanced its digital investing capabilities with Truist Trade, a new self-directed investing solution that allows clients to open select investment accounts and conduct online trading on their own. 

Key Points: 
  • "Our digital investing solutions are designed to meet clients at various points in their investment journey and help them build better lives," saidJoseph M. Thompson, chief wealth officer at Truist.
  • Truist Trade builds on Truist Wealth's portfolio of digital investing solutions.
  • "Many investors want to construct and manage their portfolio on their terms and in ways that are convenient to them," saidKacy Howard, senior vice president of digital investing at Truist Wealth.
  • Truist Investment Services, Inc. and Truist Advisory Services, Inc. are part of Truist Wealth.