Policy initiatives in 2021 aimed at promoting Hong Kong as an attractive hub for international trade were centred around the four pillars of captive insurance, insurance-linked securities, marine and specialty risk insurance, and reinsurance
Greater Bay Re, the first authorised special purpose insurer in Hong Kong, has inaugurally issued insurance-linked securities in the form of a catastrophe bond
Hong Kong can leverage its position as a captive domicile and reinsurance hub to support the five-year plan to solidify its strategic position as a risk management centre for mainland business, according to the Insurance Authority
HSBC Group’s insurance business has appointed Ying Teoh as global head of customer proposition, HSBC Life and insurance partnerships
A.M. Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” to Shanghai Electric Insurance Limited, based in Hong Kong. The outlook assigned to these credit ratings is stable
Moody's Investors Service has affirmed CNPC Captive Insurance Company’s A2 insurance financial strength rating. The outlook remains stable
Generali Global Corporate and Commercial (GC&C) appointed Zaid Alami as head of financial lines underwriting Asia
Peak Reinsurance Company, a global reinsurer based in Hong Kong, has appointed Clarence Wong as chief economist, effective from 16 November
