Belt and Road Archives - InsuranceAsia News https://insuranceasianews.com/industry_segments/belt-and-road/ Thu, 12 Sep 2024 01:57:37 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Captives pivotal to development of Belt & Road green energy projects: HKIA panel https://insuranceasianews.com/hong-kong-captive-insurance-pivotal-in-supporting-belt-road-green-energy-projects/ Wed, 11 Sep 2024 21:30:54 +0000 https://insuranceasianews.com/?p=162597 The SAR seeks to be the preferred captive domicile to manage risks from overseas renewable energy projects, participants at a Belt & Road summit moderated by the city's Insurance Authority heard.

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Captive insurance in Hong Kong plays a pivotal role in supporting China’s Belt and Road (B&R) projects, especially in less coal-intensive energy sectors and managing the risks from energy transiti...

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]]> China Re extends US$85.4bn cover to Belt & Road projects via reinsurance pool: report https://insuranceasianews.com/china-re-extends-us85-4bn-cover-to-belt-road-projects-via-reinsurance-pool/ Fri, 21 Jun 2024 09:32:39 +0000 https://insuranceasianews.com/?p=156522 Through China Belt & Road (B&R) Reinsurance Pool, the reinsurer has been providing risk protection to over 1,000 Chinese corporates' offshore projects over the past three years, president Zhuang Qianzhi says.

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China Re has provided risk protection worth CNY 620 billion (US$85.4 billion) for over 1,000 Chinese corporates’ offshore projects along the Belt & Road initiative over the past three years, accor...

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]]> Chinese state-owned insurers extend US$427bn in Belt & Road cover: report https://insuranceasianews.com/china-five-state-owned-insurers-extend-us427-billion-in-belt-road-cover/ Thu, 13 Jun 2024 23:00:57 +0000 https://insuranceasianews.com/?p=155969 PICC, China Life, China Pacific Insurance, China Taiping Insurance and China Re have extended risk protection to back up the government's global infrastructure development strategy.

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Five state-owned insurers PICC, China Life, China Pacific Insurance, China Taiping Insurance and China Re have extended risk protection worth CNY 3.1 trillion (US$427.4 billion) for projects along the...

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]]> Chaucer adds political risk, contracts to BRI consortium https://insuranceasianews.com/chaucer-adds-political-risk-contracts-to-belt-and-road-consortium/ Tue, 12 Oct 2021 03:40:32 +0000 https://insuranceasianews.com/?p=89744 The Belt and Road Initiative involves around 2,630 projects with a combined value of US$3.7trn across 65 countries.

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Chaucer has added political risks and contract frustration to its Belt and Road consortium at Lloyd’s of London, according to a company statement on October 11.
Working with parent firm China Re, the ...

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]]> Lloyd’s China eyes broker and product expansion https://insuranceasianews.com/lloyds-china-eyes-broker-and-product-expansion/ Tue, 10 Aug 2021 09:09:50 +0000 https://insuranceasianews.com/?p=85978 A new marine liability product is expected later this year.

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Lloyd’s China is looking to reach out to more brokers and offer a wider range of products amid a recent downturn in the volume of premiums being underwritten in the country by the specialist insurance...

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]]> Chaucer, China Re launch BRI consortium https://insuranceasianews.com/chaucer-china-re-launch-bri-consortium/ Sun, 27 Jun 2021 21:00:48 +0000 https://insuranceasianews.com/?p=82922 The new Lloyd's venture will initially underwrite political violence risks.

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Chaucer and China Re have launched a consortium at Lloyd’s targeting China's Belt and Road Initiative (BRI).
The move follows the establishment of a political violence facility in Singapore in 2019 an...

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]]> Hong Kong’s marine sector looks to escape doldrums https://insuranceasianews.com/hong-kongs-marine-sector-looks-to-escape-the-doldrums/ Sun, 31 Jan 2021 22:00:29 +0000 https://insuranceasianews.com/?p=73706 Experts tell IAN that a long-awaited tax break and other reforms can transform the city into a maritime insurance hub.

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Although Hong Kong’s marine insurance sector lags behind its regional peers, a long-awaited tax concession combined with other regulatory reforms could help make the city more competitive, sources tol...

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]]> CBIRC chief pushes ‘prudential regulation’ https://insuranceasianews.com/cbirc-chief-pushes-prudential-regulation/ Mon, 18 Jan 2021 07:25:55 +0000 https://insuranceasianews.com/?p=73025 Guo Shuqing also address Hong Kong’s GBA role during AFF keynote.

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The head of China’s banking and insurance regulator has called for financial services sector to be subject to “prudential regulation” in the years ahead.
During a keynote speech at the Asian Financial...

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]]> Zurich’s HK chief warns of ‘serious interruptions’ over US-China tensions https://insuranceasianews.com/zurichs-hk-chief-warns-of-serious-interruptions-over-us-china-tensions/ Tue, 08 Dec 2020 07:11:53 +0000 https://insuranceasianews.com/?p=70853 Washington’s blacklist of Chinese firms is making insurance arrangements and underwriting tougher.

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The geopolitical tension between China and the US is putting pressure on Asia’s (re)insurance market, according to Eric Hui, chief executive of Zurich Insurance Hong Kong.
The comments came during tod...

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]]> Hong Kong enters ‘new era’ as Belt & Road risk hub https://insuranceasianews.com/hong-kong-enters-new-era-as-belt-road-risk-hub/ Wed, 02 Dec 2020 12:46:39 +0000 https://insuranceasianews.com/?p=70507 Insurance Authority official touts SAR's ability to provide solutions for mainland companies.

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Hong Kong’s role as a (re)insurance and risk management centre for China’s Belt and Road initiative (BRI) is strengthening and entering a new era, according to a senior official at the Hong Kong Insur...

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