FSTB welcomes inaugural issuance of "sidecar" insurance-linked securities in Hong Kong
Imported from official source
The Financial Services and the Treasury Bureau welcomed an inaugural issuance of insurance-linked securities (ILS) in the form of "sidecar" by the PICC Property and Casualty Company Limited (PICC P&C) in Hong Kong, with a size of US$12 million (equivalent to about HK$94 million), providing quota share reinsurance protection for offshore windfarm property insuran …
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