Hong Kong to become a hub for catastrophe bonds as Greater Bay Area takes shape

//Hong Kong to become a hub for catastrophe bonds as Greater Bay Area takes shape

Hong Kong to become a hub for catastrophe bonds as Greater Bay Area takes shape

Hong Kong could emerge as a trading hub in products that help insurance companies in the “Greater Bay Area” offset risk related to property damage arising from flooding and other natural disasters, according to experts.Catastrophe bonds are structured credit instruments often used by US and Japanese insurers, as well as reinsurers, to raise capital by offloading the insured risks from natural disasters, be it wildfires in California or earthquakes in Nagano.Tow Lu Lim, a partner at law firm…

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By | 2019-06-17T03:00:07+00:00 June 17th, 2019|Business|Comments Off on Hong Kong to become a hub for catastrophe bonds as Greater Bay Area takes shape