As Hong Kong continues to focus on developing insurance-linked securities (ILS) as a key market segment, a position paper from advisory body the Financial Services Development Council states that further integrating ILS products into its own investment portfolios would help the government encourage investors to consider allocating to the asset class.
So far there have been six catastrophe bond issuances that have fallen under Hong Kong’s insurance-linked securities (ILS) regulatory regime, four direct issues from special purpose reinsurance vehicles domiciled in the territory and two World Bank issues that have seen their notes listed on the exchange there.
As we reported recently, the government of Hong Kong has recently demonstrated its commitment to fostering ILS as part of its reinsurance and investment marketplace by announcing a further three year extension to its Pilot ILS Grant Scheme, in order to encourage potential cat bond sponsors there.
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