Kuala lumpur: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of 'a' (Excellent) for Taiping Reinsurance Company Limited (TPRe) and its wholly owned subsidiary, Taiping Reinsurance (China) Company Ltd. (TPRe China). The outlook for these credit ratings remains stable.

According to BERNAMA News Agency, the ratings for TPRe reflect its balance sheet strength, which AM Best deems very strong, as well as its adequate operating performance, neutral business profile, and appropriate enterprise risk management. The ratings also consider the continued implicit and explicit support from TPRe's parent company, China Taiping Insurance Holdings Company Limited (CTIH), in areas such as capital, investment, risk oversight, and shared operational resources.