Wang Fuk Court Fire, Tai Po – (Re)in Asia

Wang Fuk Court fire

Coverage and analysis of the Wang Fuk Court fire, focusing on insurance claims, loss implications, underwriting pressure, and the wider market response across Hong Kong’s insurance sector.

Features and key stories

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HK reinsurance segment swings to 2025 underwriting loss

Provisional data shows Hong Kong’s reinsurance inward premiums rose 9.41% in 2025 despite the reversal in underwriting results.

HK general insurers' underwriting profits soar 175% in 2025 as AIA leads health charge, P&I clubs drive offshore gains

The impact of the Wang Fuk Court fire offset some of the sector’s growth, with property damage profits falling sharply last year.

Hong Kong GI direct premiums fall 11% in Q4 as offshore contracts, but full-year profit rebounds

Offshore premiums halved, onshore property claims rose, but full-year profits jumped almost 175% in 2025.

Taiping Re, China Re, Qianhai Re identified among reinsurers behind Hong Kong's Tai Po fire

China Taiping finds itself on both sides of the claims ledger following Hong Kong's deadly Tai Po fire, with its reinsurance subsidiary among three confirmed reinsurers backing the group's primary insurance...

Hong Kong's insurance industry rallies to support Tai Po fire victims

Hong Kong’s insurance sector has introduced fast-track measures while pledging more than HK$100m (US$13m) to support those affected by the Wang Fuk Court fire.

China Taiping named as insurer in Hong Kong's Wang Fuk Court tragedy

The fire has killed at least 94 people, with insurance claims estimated at HK$2.6bn (US$334m), and general property and CAR policies described as "severely underinsured".