The third catastrophe bond transaction to be issued out of Hong Kong is now “in the pipeline” according to the Chairman of the Hong Kong Insurance Authority.
One of the key initiatives for the regulator in 2022 has been to improve the attractiveness of Hong Kong as a platform for the issuance of insurance-linked securities (ILS), something Stephen Yiu, Chairman of the Hong Kong Insurance Authority, feels steady progress has been made on this year.
The Insurance Authority (IA) has worked to promote Hong Kong’s ILS framework for a number of years now, the results of which are two catastrophe bonds having been issued there so far.
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