Hong Kong

blue-cross-asia-pacific-holds-firm-with-a-ratings-and-stable-outlook

S&P affirms Blue Cross's A+ ratings with stable outlook

February 29 2024

Blue Cross's ratings maintained following update to S&P's risk-based capital assessment criteria.

Hong Kong earmarks ILS and captives in 2024-25 budget

February 28 2024

ILS and captives key measures among other insurance-relevant plan and align with Insurance Authority's 2024-25 twin priorities.

hong-kong-pah-industry-to-hit-hk28-5bn-by-2028-globaldata

Hong Kong PA&H insurance to hit HK$28.5bn by 2028: GlobalData

February 21 2024

GlobalData projects 7.4% CAGR over the next five years amid rising health costs and increasing demand.

Pacific Century Group says Richard Li to maintain control of FWD amid stake sale rumours - reports

February 19 2024

Parent company issued statement expressing Li's confidence in long-term development, but declined to comment on speculation regarding a stake sale.

AXA XL names Chris Cheng as Head of Casualty Hong Kong

February 19 2024

Cheng joins AXA XL to take on the new role after nearly 13 years with AIG.

Insurtech MediConCen secures US$6.85m in Series A funding

February 12 2024

Hong Kong insurtech will target Middle East and Southeast Asia growth with latest investment round, which was led by HSBC Asset Management.

AM Best assigns first ratings to Hong Kong's Well Link Life

February 9 2024

The growing life insurer receives 'B+' Financial Strength Rating and "bbb-" Long-Term Issuer Credit Rating with a stable outlook.

AM Best affirms and then withdraws ratings for Shanghai Electric's captive insurer

February 8 2024

AM Best affirms and subsequently withdraws Shanghai Electric Insurance's 'Good' ratings upon company's request.

fosun-renews-efforts-to-sell-majority-stake-in-peak-re-report

Fosun renews efforts to sell stake in Peak Re - report

February 8 2024

Bloomberg reports that Fosun International is reviving plans to sell its majority stake in the Hong Kong-based reinsurer, aiming for a US$1bn valuation.

Chubb's Christina Wong promoted to Chief Underwriting Officer, Casualty for Asia

February 8 2024

Dedicated Chubb team member Wong has extensive Casualty experience and is promoted internally.

bolttech Insurance launches new HK travel product which includes 'Cancel for any reason' coverage

February 7 2024

MyTravel has a 'Superior plan' which provides up to HKD25,000 in reimbursements, subject to a 50% cap.

zurich-promotes-clement-hau-to-chief-underwriting-officer-for-hong-kong

Zurich Hong Kong promotes Clement Hau to Chief Underwriting Officer

February 7 2024

Clement Hau will succeed Anthony Seeto, assuming the role of CUO on 26 Feb.

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