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

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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