Reinsurance News
Hong Kong
Henry To appointed Chairman of Howden Re Hong Kong
1st April 2026
Global reinsurance broker Howden Re has announced the appointment of industry veteran Henry To as Chairman of its Hong Kong operations, a strategic move aimed at accelerating the firm’s growth across Greater China and the wider Asia-Pacific region (APAC). To joins the firm with more than four decades of reinsurance experience, ... Read the full article
Coface appoints Carmen Chow as Head of Commercial for Hong Kong
1st April 2026
Coface, a provider of credit insurance and risk management solutions, has announced the appointment of Carmen Chow as Head of Commercial for Hong Kong, effective 1st April 2026. In her new role, Chow will be responsible for strengthening Coface’s commercial performance strategy and deepening client engagement in the Hong Kong market. She ... Read the full article
HKIA reforms seen strengthening Hong Kong’s reinsurance hub status: AM Best
25th March 2026
A new AM Best report suggests that proposed changes to how the Hong Kong Insurance Authority (HKIA) assesses non-life insurers’ capital requirements, particularly for natural catastrophes, man-made risks, and offshore reinsurance business, could strengthen Hong Kong’s position as a global hub for reinsurance and risk management. According to the rating agency, ... Read the full article
Amiga Specialty launches in Hong Kong
17th March 2026
Amiga Specialty, an independent international Managing General Agent (MGA), has commenced trading in Hong Kong after successfully securing a licence from the Hong Kong Insurance Authority. Under the leadership of Ralph Sherbahn, Managing Director of Financial Lines (APAC), the Hong Kong hub will serve as the foundation for Amiga’s regional ambitions, ... Read the full article
Hong Kong financial regulators introduce GenA.I. Sandbox++ to support innovation in financial services
11th March 2026
The Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), Insurance Authority (IA), and Mandatory Provident Fund Schemes Authority (MPFA) have launched the Generative Artificial Intelligence (GenA.I.) Sandbox++ initiative, in partnership with Hong Kong Cyberport Management Company Limited (Cyberport). The HKMA, SFC, IA, and MPFA serve as Hong Kong’s key ... Read the full article
Hong Kong’s non-life insurance segment profitable amid market challenges: AM Best
19th December 2025
Hong Kong’s non-life insurance industry has consistently achieved profitable underwriting over the past five-year, driven by the performance in the general liability and property damage lines of business, according to a new AM Best report. Accident & health (A&H) coverage remained the largest contributor to gross written premiums (GWP) during the ... Read the full article
Hong Kong fire losses to be manageable for China Taiping Insurance: Fitch
4th December 2025
Fitch Ratings expects the recent Wang Fuk Court fire in Hong Kong to result in a surge in near-term claims, but says these should be manageable and unlikely to affect the rating of China Taiping Insurance Group Ltd. (TPG, A-/Stable), whose Hong Kong-based subsidiary underwrites the complex’s property and liability ... Read the full article
Hong Kong fire to add pressure to P&C sector’s earnings: S&P
4th December 2025
A new review by S&P Global Ratings notes that losses from the recent destructive fire at a Hong Kong residential complex are likely to further strain the underwriting performance of the territory’s property and casualty (P&C) insurance industry. Hong Kong’s P&C sector is expected to see its net combined ratio rise ... Read the full article
Reinsurers expected to shoulder most of $200m loss from Hong Kong fire: AM Best
2nd December 2025
According to ratings agency AM Best, a material portion of the gross incurred loss, which may exceed $200 million from the deadly Hong Kong apartment (Wang Fuk Court) fire, is expected to be transferred to reinsurers. Primary insurers operating in the region typically rely on a mix of reinsurance arrangements, including ... Read the full article
Insurance Authority reports premium gains for Hong Kong, long term business leads sector
29th October 2025
The Insurance Authority (IA), the insurance regulator of all authorised insurance companies and licensed insurance intermediaries in Hong Kong, has released provisional data for the first half of 2025, indicating total gross premiums of HK$423.4 billion across the market. The figures provide insights into both long-term and general insurance business activity ... Read the full article
Sherbahn to lead Amiga Specialty’s new Hong Kong operations as MD of Financial Lines, APAC
8th August 2025
Amiga Specialty, the recently launched specialty managing general agent (MGA) has announced its expansion into the Asia Pacific market with the launch of a new Hong Kong operation, which is to be led by Ralph Sherbahn as Managing Director of Financial Lines, Asia Pacific. Sherbahn is set to drive the build-out ... Read the full article
HSBC’s Wayfoong becomes Hong Kong first captive insurer formed by a multinational enterprise
13th May 2025
HSBC Group has received approval from the Insurance Authority (IA) to set up a captive insurance company, Wayfoong (Asia) Limited, in Hong Kong, which has become the first captive insurer established in the city by a multinational enterprise. A captive insurer is designed primarily to cope with the multifarious perils borne by ... Read the full article
WTW launches CyCore Asia, a cyber insurance facility for Hong Kong and Singapore
13th January 2025
WTW, an advisory, broking, and solutions company, has introduced CyCore Asia, a new cyber insurance facility tailored for companies in Singapore and Hong Kong. Underwritten by QBE Insurance Group and AXA XL, CyCore Asia provides up to USD 15 million in primary insurance capacity (or the currency equivalent) and is designed ... Read the full article
Newline expands operations in Hong Kong
17th December 2024
Specialty insurer Newline Group (Newline) has expanded its operations in Asia with the establishment of Newline Hong Kong Services Limited, appointing Carson Choi as Head of Financial Lines. The company has had a presence in Asia since 2007, when it opened its Singapore office. The Hong Kong office will offer the ... Read the full article
West appoints Cai Xuanlun as new CEO of Hong Kong office
26th September 2024
West P&I, a global insurance provider for the maritime and offshore industries, has announced the appointment of Cai Xuanlun (XL) as the new CEO of its Hong Kong office, effective December 2024. Xuanlun will take over from Richard Macnamara, who is stepping down after 28 years. Macnamara has played a key ... Read the full article
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