China Construction Bank LOC exposure grew significantly last year: AM Best
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

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

Shelby Rosenberg
17 August 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
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

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsVesttoo
shelby rosenberg/shelby rosenberg ii ils.png
Shelby Rosenberg
Contact
Gift this article