Hong Kong to extend ILS Grant Scheme by two years
The government of Hong Kong is proposing a two year extension to its Pilot ILS Grant Scheme, which it hopes will help to continue the development of its insurance‑linked securities (ILS) offering and attract more issuers to locate catastrophe bond and ILS arrangements there. This was announced by Hong Kong’s Financial Secretary the Hon Paul […]
Strong earthquake strikes Tajikistan, near border with China
Reuters DUSHANBE, Feb 23 (Reuters) – An earthquake of about 6.8 magnitude shook eastern Tajikistan at 5:37 a.m. (0037 GMT) on Thursday, Tajik authorities said, which was felt in China and other neighbouring countries. The earthquake struck the mountainous Gorno-Badakhshan autonomous region which was earlier this month hit by a series of deadly avalanches. Although […]
PICC P&C’s Great Wall Re cat bond listed on Bermuda Stock Exchange
The Bermuda Stock Exchange (BSX) has become the listing home for another Hong Kong issued catastrophe bond, with the notes from Chinese domestic insurer PICC Property and Casualty Company Limited’s $32.5 million Great Wall Re Limited cat bond now listed on the exchange. The Bermuda Stock Exchange (BSX) continues to be the listing venue of choice […]
Development roadmap for Hong Kong insurance revealed at IA event
A development roadmap for the insurance sector in Hong Kong has been unveiled at a recent event held by the Insurance Authority (IA). At the event, the Government revealed details about a development roadmap for the insurance sector, expounded by Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR, and Clement Cheung, […]
Great Wall Re cat bond issued in Hong Kong for PICC P&C
Chinese domestic insurer PICC Property and Casualty Company Limited has sponsored a $32.5 million Great Wall Re Limited deal to provide it with earthquake reinsurance in the third catastrophe bond issuance to be domiciled in and issued out of the Hong Kong market. PICC P&C set up Great Wall Re as a special purpose insurer (SPI) […]
Great Wall Re catastrophe bond issued in Hong Kong for PICC P&C
Hong Kong now has its third catastrophe bond, after Chinese domestic insurer PICC Property and Casualty Company Limited sponsored a $32.5 million Great Wall Re Limited deal, to provide it with earthquake reinsurance in China. We reported earlier this week that the third catastrophe bond transaction to be issued out of Hong Kong was in the […]
Third Hong Kong catastrophe bond “in the pipeline”
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 […]
Использование Производных страховых инструментов (ILS) для устойчивого развития критической инфраструктуры транзитных стран инициативы «Пояс и Путь»
НАЖМИТЕ НА КАРТИНКУ ДЛЯ ПРОЧТЕНИЯ Глава из коллективной монографии Института Бизнеса БГУ Коллективная монография, подготовленная международным коллективом учёных, посвящена анализу различных аспектов устойчивого развития общества: экологическим, рыночным, социальным, информационным, технологическим, транспортным и ряду других. Одним из центральных аспектов издания является интеграционная компонента устойчивого развития различных секторов экономики разных государств для нашего общего будущего. Издание рекомендуется […]
China’s Insurance Market posted remarkable changes in terms of size & structure
China’s insurance market posted remarkable changes in terms of size and structure in the past decade, according to the country’s top insurance regulator. The country’s insurance capital rose from 6.27 trillion yuan (about 872 billion U.S. dollars) in 2012 to 24.71 trillion yuan at the end of June 2022, with an average annual growth rate […]
Ping An highlights parametric and index insurance for combatting climate change
Richard Sheng, Secretary of the Board of Directors for Chinese insurer Ping An, has highlighted the role of parametric and index insurance in combatting the challenges of climate change. Speaking via videoconference on green and sustainable finance during the recent COP27 event, Sheng noted how his company has been exploring coverages that combine parametric and […]
