The circular follows the $30mn issuance of Hong Kong's first catastrophe bond by Greater Bay Re, a state-sponsored special purpose vehicle.
October 12, 2021Onshore and offshore sponsors of insurance-linked securities are eligible for the grant scheme, capped at HK$12mn per issuance.
May 8, 2021The IA is looking to formally designate AIA Group, FWD Group and the Prudential Group as being subject to the new framework by mid-2021.
April 2, 2021Under the proposed ILS Grant Scheme, the amount of grant for each issuance will be capped at HK$12mn, depending on the maturity of the ILS.
February 26, 2021The bills provide a regulatory regime for insurance-linked securities, expand the scope of insurable risks of captive insurers, and empower the IA to regulate insurers at the group level.
March 23, 2020