
September 27, 2021
China regulator calls on insurers to sponsor cat bonds in Hong Kong
China’s insurance regulator has urged the country’s insurers to sponsor catastrophe bonds in Hong Kong in order to gain access to diversified sources of reinsurance capacity and offload peak natural catastrophe risks.The China Banking and Insurance Regulatory Commission (CBIRC) said in a statement that Chinese domestic insurers sponsoring Hong Kong catastrophe bonds will support their “closer” economic partnership agreement between …