The Insurance Authority (IA) has welcomed the release of consultation conclusion and legislative proposals by the government on the introduction of a company re-domiciliation regime.
The Risk-based Capital (RBC) regime for the Hong Kong insurance industry entered into operation yesterday (1 July 2024).
FWD Group Holdings Limited's (FWDGHL) earnings and fixed-charge coverage ratio are expected improve steadily in the next year or two once non-recurrent costs ease, according to Fitch Ratings.
Oneglobal Broking (Oneglobal) has appointed Mr Andrew Ko as executive director. In his new role, he will oversee the growth and development of Oneglobal's business in Hong Kong and Greater China.
Prudential Hong Kong has celebrated a fresh milestone with the grand opening of its new multipurpose office for its agency force at AIRSIDE, a Grade A commercial landmark in Kai Tak.
FWD Hong Kong has launched the Easy WealthPlus Endowment Plan, which guarantees an 8-year maturity return of up to 4.0% per annum, along with life protection.
Planning for retirement among Hong Kongers began on average at age 40 in 2024, compared to 45 in 2018, according to a survey by Schroders.
Hong Kong-based insurer bolttech Insurance saw its insurance service result increase to HK$54m in 2023, from HK$29m a year ago, on a fall in insurance service expenses. The favourable underwriting performance was partly attributed by the release of reserves, says Fitch Ratings.
New business premiums derived from mainland Chinese visitors (MCVs) was HK$15.6bn ($2bn) in 1Q2024, more than 60% higher than in the corresponding quarter of 2023, according to data from the Hong Kong Insurance Authority.
Billionaire Richard Li has revived plans to list pan-Asian insurer FWD Group in Hong Kong, reported Reuters quoting three people with direct knowledge of the matter, after regulatory delay and market volatility scuppered previous attempts to take it public.