Topic: Wang Fuk Court Page 1 / 1
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- December 12 2025
Tai Po fire loss ‘managable’ for China’s Qianhai Re, AM Best says as it reaffirms ratings
Ratings agency cites Chinese reinsurer’s 'very strong' balance sheet and profitability.
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- December 8 2025
‘China Taiping good enough on its own’ after Wang Fuk Court fire, HKIA CEO Clement Cheung says
About 10,000 active life insurance policies from 35 insurers and 1,800 property policies from 35 insurers have been identified as having been issued to residents, he adds.
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- December 6 2025
Full Capacity: Reckoning after Tai Po tragedy
This week's newsletter discusses broker deals in Australia, DB's Fortegra acquisition, storms in Southeast Asia and the leadership change at Allianz Re.
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- December 5 2025
Wang Fuk Court unlikely to alter China Taiping’s rating fundamentals: AM Best
Rating affirmed the carrier’s ratings as it is well-positioned to manage the claims, supported by its parent company and prudent reinsurance arrangements.
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- December 4 2025
Hong Kong fire losses manageable for sole insurer China Taiping: Fitch
Strong state-linked support, diversified operations and solid capital alongside extensive reinsurance underpin the view that net losses from the deadly fire at Wang Fuk Court will remain within rating sensitivities.
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- December 4 2025
30 Hong Kong insurers issued over 8,700 life, property policies to Wang Fuk Court residents: HKIA
Hong Kong Insurance Authority (HKIA) CEO Clement Cheung says the authority has set up a special task force, led by senior executives, following last week's deadly blaze.
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- December 2 2025
Tai Po fire to further erode Hong Kong’s P&C underwriting margins, cause recalibration of risk retention, pricing policies: S&P
Deadly incident is likely to further reduce the earnings for P&C insurers following extreme weather earlier in the year.
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- December 2 2025
Tai Po fire to halt ‘downward pressure’ on Hong Kong property reinsurance rates: AM Best
Impact of the deadly fire will be widely felt by Hong Kong's (re)insurers, according to the credit rating agency.
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- November 29 2025
Full Capacity: Rise of the machines: AI transition and job losses
This week's newsletter discusses the HK fire, nat cat updates, Munich Re's Australia push, Korean Re's Gift City entry, Roojai's PE funding, a P&I merger, and the AI dilemma for the insurance market.
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- November 28 2025
Wang Fuk Court: China Taiping confirms it provided coverage for all major insurance policies as death toll passes 120
Hong Kong insurer says it underwrote the construction works insurance, construction employee compensation insurance, owners' corporation third-party liability insurance, property insurance, and public liability insurance for the public housing estate, as first reported by IAN.
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- November 28 2025
Exclusive: Hong Kong housing estate fire property claim could top US$200m, with China Taiping the sole insurer
Hong Kong firm provides the master property insurance for the Wang Fuk Court housing estate, as well as contractors’ all-risk policy, including third-party liability, and employee compensation cover.
