News China07 Sep 2018

Preferential arrangement with HK intensifies competition in mainland reinsurance mart

| 07 Sep 2018

The preferential treatment accorded to Hong Kong reinsurers under the Equivalence Assessment Framework Agreement on Solvency Regulatory Regime, signed between Beijing and Hong Kong, introduces more "preferred" reinsurer competitors into a prolonged soft market, from the perspective of Chinese onshore reinsurers, notes A.M. Best in its annual report on global reinsurance.

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