China Construction Bank LOC exposure grew significantly last year: AM Best
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China Construction Bank LOC exposure grew significantly last year: AM Best

Shelby Rosenberg
17 August 2023
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China Construction Bank signage, London, UK

Exposure to China Construction Bank Corp (CCB) letters of credit (LOCs) increased significantly in 2022, with US insurance industry exposure to CCB totaling nearly $1.3bn and having grown by $1.2bn last year alone, according to an AM Best report.

The top five fronting companies by reinsurance LOC exposure to CCB are: Clear Blue Insurance, Homeowners of America, Clear Blue Specialty, Trisura Specialty and Highlander Specialty.

Clear

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