Hong Kong targets insurance-linked securities co-operation with Shanghai
Hong Kong and the mainland China city and financial hub of Shanghai are looking to co-operate on a range of financial initiatives, with one of them being insurance-linked securities (ILS). Representatives of the respective governments, financial regulators and exchanges met last week to discuss how to further enhance financial co-operation between Hong Kong and Shanghai. […]
Insurance Authority cheers launch of US$150 million catastrophe bond
The Insurance Authority (IA) of Hong Kong has recognised the successful issue and listing of a catastrophe bond by the International Bank for Reconstruction and Development, part of the World Bank Group. The bond, amounting to US$150 million, aims to shield Jamaica from storm-related losses through the next four hurricane seasons. FULL ORIGINAL PUBLICATION HERE