Captives – InsuranceAsia News https://insuranceasianews.com/industry_segments/captives/ Wed, 17 Sep 2025 07:55:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Hong Kong proposes marine risk pool in maritime push https://insuranceasianews.com/hong-kong-proposes-marine-risk-pool-in-maritime-push/ Wed, 17 Sep 2025 07:28:19 +0000 https://insuranceasianews.com/?p=200178 Chief executive John Lee said in his annual policy address that the government would also promote exclusive captive and reinsurance businesses, as well as develop insurance products for the low-altitude economy.

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Hong Kong is working to establish a dedicated marine risk pool to enhance the city's underwriting capacity for both local and Mainland markets, Hong Kong's chief executive John Lee said in his annual ...

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]]> Opulence launches cell captive in Labuan with China Re backing https://insuranceasianews.com/opulence-launches-cell-captive-in-labuan-with-china-re-backing/ Thu, 11 Sep 2025 14:22:04 +0000 https://insuranceasianews.com/?p=199787 The captive insurance cell is endorsed by the Labuan Financial Services Authority and operates under Goldman Insurance PCCC, a protected cell company.

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Malaysian insurance intermediary Opulence has launched a captive insurance cell in Labuan with backing from China Re and NTG Holding, according to a press release.
The Opulence Captive Insurance Cell ...

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]]> Global P&C tops US$2.4 trillion, set to near double by 2040: Swiss Re https://insuranceasianews.com/pc-market-tops-us2-4-trillion-and-set-to-near-double-by-2040-swiss-re/ Sun, 07 Sep 2025 22:46:42 +0000 https://insuranceasianews.com/?p=199443 The sector's premiums are increasing at or above the rate of global economic growth, with high-risk property and liability insurance seeing the fastest rise, according to latest Sigma report.

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The global P&C insurance market has doubled in size over the past two decades to US$2.4 trillion and is set to almost double again to US$4.3 trillion by 2040, according to Swiss Re Institute's lat...

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]]> Hong Kong goes up the gears, hands Chinese carmaker SAIC regulatory approval for captive https://insuranceasianews.com/hong-kong-goes-up-the-gears-hands-chinese-carmaker-saic-regulatory-approval-for-captive/ Mon, 11 Aug 2025 04:30:05 +0000 https://insuranceasianews.com/?p=197239 Second authorisation of its kind in 2025, reflecting signs of momentum building to develop Hong Kong into a captive domicile, regulator says.

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The Hong Kong Insurance Authority (HKIA) has granted authorisation to Chinese state-owned carmaker SAIC Motor Corporation to set up a captive, SAIC Motor Insurance.
SAIC is one of the big four Chinese...

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]]> CNPC Captive to maintain sound underwriting profits, with support from parent, government: S&P Global https://insuranceasianews.com/cnpc-captive-to-maintain-sound-underwriting-profits-with-support-from-parent-company-and-chinese-government-sp-global/ Sun, 06 Jul 2025 22:49:55 +0000 https://insuranceasianews.com/?p=194530 The rating agency assigns its 'A+' local currency long-term issuer credit and insurer financial strength ratings, with stable outlook, to the captive insurer of China National Petroleum Corporation.

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CNPC Captive Insurance Company Limited, the China-based captive insurer of China National Petroleum Corporation (CNPC), will likely maintain sound underwriting profits over the next two years, support...

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]]> HSBC gets greenlight to establish captive insurer in Hong Kong https://insuranceasianews.com/hsbc-gets-greenlight-to-establish-captive-insurer-in-hong-kong/ Fri, 02 May 2025 06:32:05 +0000 https://insuranceasianews.com/?p=189653 Wayfoong (Asia) Limited, which has received authorisation from the Insurance Authority, is the first captive carrier established by a multinational enterprise based in the city.

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Hong Kong's Insurance Authority (HKIA) has granted new authorisation to Wayfoong (Asia) Limited, a captive insurance company wholly owned by the HSBC Group.
Wayfoong (Asia) Limited, which commenced op...

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]]> Allianz Commercial appoints Rosa Ficarra as APAC ART head https://insuranceasianews.com/allianz-commercial-appoints-rosa-ficarra-as-apac-art-head/ Mon, 03 Mar 2025 05:01:00 +0000 https://insuranceasianews.com/?p=177574 Ficarra will relocate from London, and be responsible for new and renewal alternative risk transfer (ART) business in Asia and Australia.

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Allianz Commercial has appointed Rosa Ficarra as head of alternative risk transfer (ART) for Asia Pacific, effective March 1, 2025, according to a press release.
Based in Singapore, Ficarra (pictured)...

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]]> PCRIC, WTW renew Pacific islands reinsurance portfolio https://insuranceasianews.com/pcric-successfully-renews-reinsurance-portfolio-with-wtw/ Thu, 07 Nov 2024 03:32:55 +0000 https://insuranceasianews.com/?p=169443 The Pacific Islands captive has developed new policy designs with the support from WTW’s disaster risk finance and alternative risk transfer teams.

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The Pacific Islands captive Pacific Catastrophe Risk Insurance Company (PCRIC) and WTW has renewed a portfolio of policies for governments and government-affiliated entities in Pacific Island countrie...

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]]> HDI Global’s ART unit eyes Asia expansion under new leadership https://insuranceasianews.com/hdi-globals-art-unit-eyes-asia-expansion-under-new-leadership/ Wed, 23 Oct 2024 07:31:41 +0000 https://insuranceasianews.com/?p=165370 The carrier’s specialist unit HDI Enablers is looking to expand into Malaysia following the appointment of Eric Joly-Pottuz as head.

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HDI Global’s alternative risk transfer (ART) specialist unit HDI Enablers is expanding its focus, including opening up new markets, with the appointment of Eric Joly-Pottuz as its new head.
“Our core ...

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]]> Hong Kong to foster marine insurance amid effort to consolidate global risk management centre status https://insuranceasianews.com/hong-kong-to-foster-marine-insurance-amid-effort-to-consolidate-global-risk-management-centre-status/ Wed, 16 Oct 2024 10:51:46 +0000 https://insuranceasianews.com/?p=164986 The SAR government will encourage leading marine insurers to establish presence in the city and develop marine insurance talents, chief executive John Lee says in policy address.

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Hong Kong chief executive John Lee announced initiatives to support marine insurance and to consolidate its advantages as a global risk management centre in his annual policy address on October 16.
Le...

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