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Hong Kong tag returned 665 results

  • Hong Kong: Insurance Authority outlines tasks ahead to meet goals of Policy Address

    The Insurance Authority (IA) has said that it welcomes initiatives for the insurance sector outlined in the Chief Executive's 2021 Policy Address announced last week.

    Asia | 11 Oct 2021
  • China: CBIRC approves establishment of Taikang Life's unit in HK

    The CBIRC has announced that it has approved Taikang Life's establishment of a subsidiary in Hong Kong, that is registered as Taikang Life Insurance (Hong Kong) Co Ltd.

    Asia | 05 Oct 2021
  • China: Mainland reinsurance group issues HK's first cat bond

    China Reinsurance (Group) Corporation and the China Property & Casualty Reinsurance Company have issued the first insurance-linked securities (ILS) in the form of a catastrophe bond.

    Asia | 04 Oct 2021
  • Hong Kong: Financial regulators to clarify premium financing standards

    The Insurance Authority (IA) and the Hong Kong Monetary Authority (HKMA) will engage the insurance industry and relevant stakeholders to clarify the expected standards for premium financing, the two regulators say in a joint statement.

    Asia | 01 Oct 2021
  • Hong Kong: AXA and HSBC jointly launch Overseas StudySurance

    With the increasing popularity of overseas study, AXA Hong Kong ("AXA") and HSBC launch a new insurance plan "Overseas StudySurance" to provide extensive care for students getting education abroad. With annual premium as low as HKD4,000, students can enjoy the comprehensive protection away from home with the following premium features:

    Agents | 29 Sep 2021
  • Hong Kong: Prudential raises around US$2.4bn from share offer

    London-headquartered Prudential has raised HK$18.8bn ($2.4bn) from its Hong Kong share offering after pricing the stock at a slight discount to its last close in London, reported Bloomberg.

    Asia | 28 Sep 2021
  • Hong Kong: FWD Group applies to list in New York

    Hong Kong tycoon Richard Li's pan-Asian life insurer FWD Group Holdings has filed a registration statement with the US Securities and Exchange Commission (SEC) relating to a proposed initial public offering of American depositary shares (ADSs), representing Class A ordinary shares of the company. The application is for the ADSs to be listed on the New York Stock Exchange.

    Asia | 27 Sep 2021
  • Hong Kong: Taiping Reinsurance posts positive 1H operating results

    The net earnings of Taiping Reinsurance (TPRe) turned negative in 2020, the first time in the past 10 years, mainly dragged by higher impairment losses and increasing pressure on underwriting profitability due to COVID-19 and a number of large losses reported in the year, notes AM Best.

    Asia | 24 Sep 2021
  • Hong Kong: Prudential plc announces international placing and public offer of new shares

    Prudential plc has announced plans to raise around HK$22.5bn ($2.89bn) by issuing 130.5m shares at HK$172 per share. The share offer represents up to 5% of the insurer's issued share capital as of 1 April 2021.

    Asia | 20 Sep 2021
  • Hong Kong: Lioner appoints new partner

    Lioner International Group has announced the appointment of Andrew Chan as partner, effective immediately. Mr Chan is an industry veteran with more than 20 years of solid wealth planning experience from his various positions in private banks, insurance brokers and accounting enterprises.

    People | 14 Sep 2021

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