Country: Hong Kong Page 5 / 61
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- May 6 2024
Local expertise and investors key to Hong Kong’s cat bond hub ambitions
Rising climate risks in the greater China region highlight Hong Kong's potential as an ILS hub, but an informed pool of investors and professional services ecosystems are important to grow the market further.
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- May 6 2024
Torrential rain grounds air traffic, floods carparks in Guangdong, Hong Kong
Torrential rains brought localised floodings, inundated carparks in Hong Kong, and delayed flights in the Guangdong province, hitting a surge of weekend travellers who visited China coastal cities during the long May-day holiday.
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- May 2 2024
Peak Re reports best-ever net profit of US$200m in FY 2023, COR down to 87.3%
The Hong Kong carrier's reinsurance revenue saw a 14.6% year-on-year decline in FY 2023 at US$1.56 billion.
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- April 30 2024
Dual launches title insurance for real estate, M&A deals in select APAC markets
The MGA's new offering will focus on commercial property deals in Australia, New Zealand, Hong Kong, Singapore and M&A transactions will also extend to Japan and South Korea.
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- April 30 2024
Exclusive: Mark Johnson set to take charge as Starr Hong Kong CEO
The former Howden Hong Kong chief executive will start at the insurer from early May, IAN understands.
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- April 29 2024
HKIA extends transitional period for RBC reporting to 3 years
The regulator has extended the transitional period by a year following industry's feedback for more time to get familiar with the new reporting requirements under the risk-based capital regime.
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- April 25 2024
Towngas Lifestyle and FSE Nova expand broking business in China, Hong Kong
The two companies will invest more resources and capabilities to provide insurance broker services to 42 million household customers in the mainland and the SAR.
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- April 25 2024
Ted Hodgkinson joins Huntington Partners in Hong Kong as partner
The former BMS Asia executive chairman will lead the Singapore-based (re)insurance-focused advisory firm's operations for the SAR and China.
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- April 23 2024
Asia warming faster than global average, hit by 79 weather-related disasters in 2023: WMO
Floods and storms are causing the highest number of reported casualties and economic losses, whilst the impact of heatwaves became more severe, according to a report from the UN climate agency.
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- April 22 2024
QBE appoints Jordan Stewart as Asia’s business development lead, broker distribution
Stewart, who has relocated to Hong Kong from Melbourne, will work with the teams across QBE Asia to enhance its broker partnerships across the region.
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- April 22 2024
Peak Re’s outlook upgraded to ‘stable’ as growth prospects brighten: Moody’s
The upgrade from "negative" reflects its view that contagion risk from its parent Fosun International, in the form of strain on its business growth, is unlikely to increase meaningfully.
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- April 22 2024
CCR Re’s Africa and Asia FY 2023 GWP increases by 27%
The reinsurer saw moderate claims in Asia throughout the year, not affected by big cat events such as typhoons Doksuri in Beijing and Saola in Hong Kong and saw few individual claims in Korea.
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- April 18 2024
Hong Kong’s national security law eases US$100m political violence concerns
The new law has lowered concerns of exposure to another event akin to the 2019 protest, still (re)insurers haven't relaxed underwriting considerations.
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- April 17 2024
Crypto specialist Qubit appoints QBE’s Wendy Lee as chief commercial officer
In her new role, first reported by InsuranceAsia News last week, Lee will be responsible for the Hong Kong's specialist MGA distribution strategy and implementation.
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- April 16 2024
Fitch downgrades outlook for Sinosure, China Taiping group entities after sovereign rating action
The negative outlook reflects a potential decline in the willingness and ability of the government to support insurers with weaker standalone credit quality.
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- April 15 2024
HK Insurance Authority courts Chinese insurers, municipalities to grow cat bond hub
- Analysis
- Cat Bond
- China
- China Re
- Insurance Authority of Hong Kong
- Peak Re
- PICC Property and Casualty
- PICC Re
The regulator is reaching out to Chinese (re)insurers and local governments as it seeks to entice potential cat bond issuers to the city and build an insurance-linked securities hub for the Greater Bay Area.
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- April 11 2024
Peak Re expands structured solutions team to cover P&C
The new team will be led by Chenwei Li, who has been the head of structured solutions for L&H, and will be joined by senior actuaries Tony Zhong and Min Zhang.
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- April 11 2024
Tugu Insurance’s Hong Kong arm sees modest near-term profitability: AM Best
AM Best has affirmed an insurer rating of B+ (good) for the company with a stable outlook.
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- April 11 2024
MSIG Hong Kong promotes Shujiro Suzuki as deputy CEO
Suzuki succeeds Hideaki Amasaki, who has started a new role as general manager of Mitsui Sumitomo Insurance’s international business department in Tokyo.
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- April 10 2024
Crypto specialist MGA Qubit launches in Hong Kong after pre-series A fundraise
As part of its expansion plan, the HKIA-licensed specialty underwriter founded by Helen Ye is set to bring on board Wendy Lee as chief commercial officer.
