The government of Hong Kong is weighing additional incentives to attract more catastrophe bond issuers and investors, following its second annual insurance-linked securities (ILS) conference aimed at promoting the city as a global hub for alternative risk transfer, according to a recent article from South China Morning Post.
“Hong Kong is the best investment hub for catastrophe bonds because we have capital, financial infrastructure and all the professionals and brokers needed to support the issuance of these products,” Clement Lau Chung-kin, executive director of policy and legislation at the Insurance Authority, told the South China Morning Post.
Since launching its ILS regulatory regime in 2021, Hong Kong has hosted nearly US$800 million in catastrophe bond issuance, with issuers like the World Bank and Peak Reinsurance (Peak Re) raising a total of US $800 million from deals either issued there or listed on the local exchange.
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