China Pacific Insurance Co. (H.K.) Ltd. - S&P Global Ratings’ Credit Research

China Pacific Insurance Co. (H.K.) Ltd.

China Pacific Insurance Co. (H.K.) Ltd. - S&P Global Ratings’ Credit Research
China Pacific Insurance Co. (H.K.) Ltd.
Published Nov 23, 2015
8 pages (3061 words) — Published Nov 23, 2015
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Intermediate industry and country risk because inward property and casualty (P&C) reinsurance from sister company China Pacific Property Insurance Co. Ltd. (CPPIC) accounts for a large portion of the business of China Pacific Insurance Co. (H.K.) Ltd. (CPICHK). Less-than-adequate competitive position due to CPICHK's tiny market share in the competitive Hong Kong P&C market. Moderately strong capital and earnings. Adequate financial flexibility and intermediate risk position. Adequate enterprise risk management, and fair management and governance. Strong liquidity profile with no immediate refinancing needs and ample liquid assets. We rate CPICHK two notches above its 'bbb' stand-alone credit profile because we view the insurer as a strategically important subsidiary of China Pacific Insurance (Group) Co. Ltd. (CPIC Group). The stable outlook

  
Brief Excerpt:

...(Editor's Note: In this full analysis report first published on Nov. 23, 2015, we misstated the Greater China regional scale rating on China Pacific Property Insurance Co. Ltd. A corrected version follows.) SACP* Assessments SACP* Support Ratings...

  
Report Type:

Full Report

Issuer
China Pacific Insurance Co. (H.K.) Ltd.
GICS
Property & Casualty Insurance (40301040)
Sector
Global Issuers
Country
Hong Kong
Region
Emerging Markets
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "China Pacific Insurance Co. (H.K.) Ltd." Nov 23, 2015. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/China-Pacific-Insurance-Co-H-K-Ltd-1764366>
  
APA:
S&P Global Ratings’ Credit Research. (). China Pacific Insurance Co. (H.K.) Ltd. Nov 23, 2015. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/China-Pacific-Insurance-Co-H-K-Ltd-1764366>
  
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