Chinese mainland insurer issues inaugural "sidecar" ILS in Hong Kong
HONG KONG, Oct. 14 (Xinhua) -- The Financial Services and the Treasury Bureau of the Hong Kong Special Administrative Region (HKSAR) government on Wednesday welcomed an inaugural issuance of insurance-linked securities (ILS) in the form of "sidecar" by the PICC Property and Casualty Company Limited in Hong Kong. With a size of 12 million U.S. dollars, the issuance provides quota share reinsurance…
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