Taiping

Hong Kong Fire to Hurt Taiping Insurance Earnings, Fitch Says

Health Insurance /
Taiping Insurance Shares Hit by Over $200 Million Exposure to Hong Kong Fire

The deadly fire that ripped through seven high-rise towers in Hong Kong is expected to result in a surge in near-term claims among insurers, and hit earnings of the complex’s main underwriter, an affiliate of China Taiping Insurance Holdings 0966.HK, an analyst at Fitch Ratings said on Thursday. China Taiping Insurance (Hong Kong) has coverage […]

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Taiping Insurance Shares Hit by Over $200 Million Exposure to Hong Kong Fire

Auto Insurance /
Taiping Insurance Shares Hit by Over $200 Million Exposure to Hong Kong Fire

Shares of China Taiping Insurance Holdings fell as much as 8% on Thursday [Nov. 27] on concerns about its coverage exposure of more than $200 million to a Hong Kong apartment complex where a huge fire killed at least 55 people, with nearly 300 missing. The tightly packed Wang Fuk Court in the Asian financial

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