China Reinsurance issues first catastrophe bond in Hong Kong to cover future typhoon damage in bay area

Published Oct 01 2021 at 7:49 AM GMT
  • China Reinsurance (Group) issued a US$30 million catastrophe bond in Hong Kong on Friday to pay for future claims resulting from typhoon damage in the Greater Bay Area and other parts of the country, according to a company announcement.
  • The bond issued by the state-owned reinsurance giant’s subsidiary, China Property & Casualty Reinsurance, comes just a few days after Chinese financial regulators said they would allow mainland insurance companies to sell catastrophe bonds in Hong Kong.



  • Published Oct 1, 2021 7:49 AM GMT