Parima 2021: Institutional capital an alternative to traditional capacity
October 28 2021 by Freny Patel-
Hong Kong captive growth stalls as Singapore, Labuan pull away
- July 23
With recent rule changes still being digested by the wider market, the SAR’s ambitions to grow as a regional centre for captive management are not yet bearing fruit.
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Pacific Islands captive PCRIC’s FY2023 net underwriting profit down 5%
- July 8
Thanks to a World Bank grant support it recorded a US$1.4m surplus for the year. The company sold a total of eight policies while incurring zero claims.
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Pacific Islands captive PCRIC appoints Richard Poulter as chief risk officer
- July 3
In his new role, Poulter will manage risk calculation in relation to insurance design, reinsurance and capital management and ensure PCIRC members meet each country’s objectives for financial protection against disaster risks.
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Hong Kong reiterates pledge to develop as ILS hub in 2024-25 budget
- February 28
The city's financial secretary repeated its goal of developing insurance-linked securities such as cat bonds, and attracting captives as key to developing its specialty insurance market.