The captive has raised its net retention limit on non-marine business, but underwriting profitability remains steady due to low loss ratios within existing lines.
Having officially launched in the country in July, Howden strengthens footprint with acquisition and appointment of Takuya Aibe as CEO of its Japan retail business.
Ratings of Bank of Communications' Hong Kong-based captive remain stable, with moderate revenue growth and strong capitalisation balancing high operating expenses.
Representatives from both cities look to strengthen financial market ties, with Belt and Road risk management, captive insurance, and ILS identified as key areas within insurance.
