Lloyd's China reinsurance company has been given an Insurer Financial Strength ("IFS") rating of 'A+' with a stable outlook by Fitch Ratings.
Fitch said the company was core to Lloyd's due to its comprehensive quota share retrocessional agreement, which means all risk is effectively transferred to Lloyd's syndicates.
As a result, it believed that cedants in China would have access to the full Lloyd's chain of security for all risks placed with Lloyd's Reinsurance Company (China)(LRCCL).
LRCCL is wholly owned by the Corporation of Lloyd's, branded with the Lloyd's name and has been capitalised from Lloyd's Central Assets.
